financetom
Business
financetom
/
Business
/
Apple Faces European Commission Scrutiny Over Termination of Epic Games Sweden Developer Account
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apple Faces European Commission Scrutiny Over Termination of Epic Games Sweden Developer Account
Mar 7, 2024 6:25 AM

09:03 AM EST, 03/07/2024 (MT Newswires) -- Apple ( AAPL ) has been asked by the European Commission to provide "further explanations" about the iPhone maker's termination of Epic Games Sweden's developer account, an EC spokesperson confirmed to MT Newswires on Thursday.

The scrutiny comes after Epic Games said Wednesday that Apple ( AAPL ) had terminated its Sweden developer account in an alleged violation of the EU's Digital Markets Act which became effective Thursday.

"We are also evaluating whether Apple's ( AAPL ) actions raise doubts on their compliance with the DSA and the P2B, given the links between the developer programme membership and the App store," the EC spokesperson said referring to the EU's Digital Services Act and Platform-to-Business rules.

According to the Platform-to-Business regulation, a platform must inform a business user about any modifications to terms and conditions and give prior notice before terminating an account, the spokesperson added.

An Apple ( AAPL ) spokesperson said in an email to MT Newswires that "Epic's egregious breach of its contractual obligations to Apple ( AAPL ) led courts to determine that Apple ( AAPL ) has the right to terminate 'any or all of Epic Games' wholly owned subsidiaries, affiliates, and/or other entities under Epic Games' control at any time and at Apple's ( AAPL ) sole discretion.' In light of Epic's past and ongoing behavior, Apple ( AAPL ) chose to exercise that right."

Price: 169.9, Change: +0.78, Percent Change: +0.46

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Quantum Expands Asia-Pacific Distribution Network
Quantum Expands Asia-Pacific Distribution Network
Aug 5, 2025
03:53 PM EDT, 08/05/2025 (MT Newswires) -- Quantum (QMCO) said Tuesday it is expanding its distribution network in China, India, and the ASEAN region to meet rising demand for Artificial Intelligence or AI driven data protection and management services. The company is looking to strengthen its presence in Asia-Pacific technology markets amid increase in AI and machine learning. The company...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Amgen quarterly results beat Wall Street estimates
Amgen quarterly results beat Wall Street estimates
Aug 5, 2025
(Reuters) -Amgen on Tuesday posted quarterly financial results that beat Wall Street expectations as a 9% increase in product sales offset higher operating expenses. The California-based biotech company's second-quarter revenue rose 9% from a year earlier to $9.2 billion. Adjusted earnings per share increased 21% to $6.02. Analysts had expected an adjusted profit of $5.29 on revenue of $8.94 billion,...
Amgen quarterly results beat Wall Street estimates
Amgen quarterly results beat Wall Street estimates
Aug 5, 2025
* Amgen ( AMGN ) posts adjusted EPS $6.02 vs Street's $5.29 * Sales of Repatha increase, Prolia sales decline due to competition * Amgen ( AMGN ) slightly raises full-year financial outlook By Deena Beasley Aug 5 (Reuters) - Amgen ( AMGN ) on Tuesday posted quarterly financial results that beat Wall Street expectations as a 9% increase in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved