US LNG exports surge but will buyers in China turn up?
Investing.com -- Apple (NASDAQ:AAPL) has filed a legal challenge against European Union regulators after being fined 500 million euros ($587 million) for allegedly breaching the Digital Markets Act.
The tech giant submitted its appeal to Europe’s second highest court on Monday, which was the deadline to contest the European Commission’s April decision.
The Commission had ruled that Apple violated EU rules by imposing technical and commercial restrictions that prevented app developers from steering users to cheaper deals outside the App Store.
In a statement, Apple defended its position: "Today we filed our appeal because we believe the European Commission’s decision - and their unprecedented fine - go far beyond what the law requires."
The company further argued that the EC is "mandating how we run our store and forcing business terms which are confusing for developers and bad for users."
Apple added that it implemented changes to comply with regulations in order to avoid punitive daily fines, and plans to "share the facts with the court."
The case represents one of the first major legal challenges to the EU’s Digital Markets Act, which aims to curb the power of large technology companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.