Spotify Vs. Apple Heads Back To EU Regulator's Court After iPhone Maker Keeps Blocking In-App Pricing Information Updates
Portfolio Pulse from Rounak Jain
Spotify Technology SA (NYSE:SPOT) is escalating its legal battle against Apple Inc. (NASDAQ:AAPL) in the EU, following Apple's rejection of Spotify's app update that aimed to display in-app pricing information for EU users. This comes after the European Commission fined Apple $1.95 billion for anti-competitive practices. Apple introduced a new entitlement program with a 27% commission on external links for purchases, which Spotify attempted to bypass. The European Commission is considering a second investigation into Apple's policies.
May 09, 2024 | 12:49 pm
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NEGATIVE IMPACT
Apple faces a potential second investigation by the European Commission over its app policies, following a $1.95 billion fine for anti-competitive practices and a dispute with Spotify.
The potential for a second EU investigation into Apple's app policies, especially after a significant fine for anti-competitive practices, could negatively impact investor sentiment. The ongoing legal dispute with Spotify, a major player in the music streaming industry, further exacerbates concerns over regulatory risks and potential financial implications.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Spotify is challenging Apple's app policies in the EU, aiming to improve user experience and communication about pricing, amidst a potential second EU investigation into Apple.
Spotify's proactive legal and regulatory actions against Apple's policies could positively influence its market perception, potentially improving its competitive stance in the EU market. The news of a possible second investigation by the EU into Apple could be seen as a positive development for Spotify, indicating a serious consideration of its complaints.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90