In March, the European Commission, the EU’s executive arm, opened a probe into Apple, under the new Digital Markets Act legislation.
Apple has a number of"very serious" issues under the European Union's sweeping Digital Markets Act, the bloc's competition chief Margrethe Vestager told CNBC Tuesday.
In March, the European Commission, the EU's executive arm, opened a probe into Apple, under the new legislation aimed at reining in the power of Big Tech.has a number of"very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone maker.
The investigation featured several concerns about Apple, including whether the tech giant is blocking businesses from telling their users about cheaper options for products or about subscriptions outside of the App Store. "We have a number of Apple issues, I find them very serious. I was very surprised that we would have such suspicions of Apple being non-compliant," Vestager told CNBC's Silvia Amaro.
Over her 10 year tenure as the EU's Competition Commissioner, Vestager has made a priority of restraining the power of large technology companies, as a way to level the playing field in the 27-nation bloc.and slapped tech giants with fines worth billions of dollars. A number of probes remain ongoing as she prepares to leave the office, including an antitrust investigation into"Well, I may sleep for a month or so because this has been 10 years hypercharged," Vestager said.
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