APPLE REPORTEDLY FACING FIRST-EVER EU FINE OVER APP STORE RULES

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The EU Commission is planning to fine Apple over the company's 'anti-steering' practices, which harm competition in the App Store. It is unknown how much the EU plans to fine Apple, but the Digital Markets Act says companies can be charged up to 10% of annual global revenue and up to 20% for repeat offenses. The initial fine could be as much as $38 billion based on Apple's revenue last year. Apple is also facing an investigation over whether it is undermining alternative app stores in the EU.