Apple Under EU Scrutiny Over Its Decision To Ban Epic Games' Developer Account
Portfolio Pulse from Rounak Jain
Apple Inc. is under scrutiny by the European Union for terminating Epic Games' developer account, preventing it from launching its own app store for iPhone users in Europe. This action could lead to another legal clash and potential penalties under the EU's new Digital Markets Act. The incident is part of ongoing controversies involving Apple's App Store policies, including a recent $1.95 billion EU fine for excluding music-streaming competitors and backlash over a 27% fee on sales from app links.
March 07, 2024 | 11:57 am
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Apple Inc. faces EU scrutiny for terminating Epic Games' developer account, risking legal clashes and penalties under the Digital Markets Act.
The termination of Epic Games' developer account by Apple and the potential violation of the EU's Digital Markets Act could lead to significant legal challenges and financial penalties for Apple. This situation adds to the existing controversies and regulatory scrutiny over Apple's App Store policies, including a recent hefty EU fine and backlash over app sales fees. These developments could negatively impact investor sentiment and Apple's stock price in the short term.
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