Apple Accuses Spotify Of Seeking 'Limitless Access' To Tools For Free As $500M Fine Looms
Portfolio Pulse from Ananya Gairola
Apple Inc. is accused by Spotify Technology SA of seeking free access to its tools amidst a looming $500 million EU fine for anti-competitive App Store policies. The EU's decision, expected to address Apple's 'anti-steering' rules, follows a complaint by Spotify in 2013. Apple defends its support for developers, including Spotify, and highlights its revised App Store Guidelines allowing alternative payment methods. Spotify criticizes Apple's policies for favoring its own music service and imposing restrictions on competitors.
February 23, 2024 | 2:37 am
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Apple Inc. faces a potential $500 million fine from the EU for its App Store policies, which are deemed anti-competitive, particularly against music streaming services like Spotify.
The fine and the public dispute with Spotify could negatively impact Apple's reputation and potentially its revenue from the App Store. The situation highlights regulatory risks and could lead to changes in how Apple operates its App Store, affecting its business model.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Spotify accuses Apple of unfair practices in the App Store, seeking free access to Apple's tools and criticizing the policies that favor Apple Music over competitors.
While the dispute and potential EU action could validate Spotify's complaints and possibly lead to a more favorable operating environment, the immediate financial impact on Spotify is uncertain. The outcome could either bolster Spotify's position in the market or lead to prolonged legal battles without direct financial benefits.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80