EU to Fine Apple About €500 Million Over Music Services, FT Says

The European Union is close to hitting Apple Inc. with its first ever antitrust fine as well as a ban on App Store rules that the bloc believes thwart competition, according to the Financial Times.

The fine of around €500 million ($539 million) is expected to be announced next month, the FT saidBloomberg Terminal, citing five sources it did not name. Apple could have been fined as much as 10% of its annual global sales.


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