The iPhone maker is the first U.S. tech giant charged with breaching the European Union’s Digital Markets Act, potentially exposing it to huge fines.

Margrethe Vestager, the European Union’s competition chief, called the bloc’s charges against Apple a “very important” moment for policing market abuses in the digital age.Pool photo by Francisco Seco, Reuters.The E.U. bites into Apple

Apple’s feud with global regulators escalated after the European Union on Monday charged the iPhone maker with stifling competition on its App Store, a breach that carries potentially big penalties and could upend a hugely profitable area of the tech giant’s business.

The $3 trillion company is the first to be charged under the Digital Markets Act, a landmark 2022 E.U. law that was designed to reduce the dominance of six mostly American “online gatekeepers.” Of those, Amazon, Google and Meta are also

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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