Apple faces a fine as large as $26.6 billion in antitrust probe

The Financial Times reports today that complaints made by music streamer Spotify against Apple will be investigated by the EU competition c...

The Financial Times reports today that complaints made by music streamer Spotify against Apple will be investigated by the EU competition commission. The issue is the 30% cut of revenue that Apple charges apps in the App Store for using its payment system. Spotify calls this the "Apple Tax" and complains that it gives rival streamer Apple Music an unfair advantage. The complaint was originally lodged in March. While Apple takes 30% from Spotify and other music subscription services, it doesn't charge other apps like Uber.

If the EU rules in favor of Spotify, it can ...

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