Under President Joe Biden, banking and antitrust regulators have been laser focused on anything that would dampen competition in the payments industry.
The amount won’t have much of an impact on Apple, it does signal that app developers are starting to have some success in challenging the company’s App Store.
European regulators are reportedly set to slap Apple Inc. with a fine of more than $500 million, saying the tech giant unfairly hindered its music-streaming.