financetom
Business
financetom
/
Business
/
Exclusive-Apple set to stave off daily fines, EU to accept App Store changes, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-Apple set to stave off daily fines, EU to accept App Store changes, sources say
Jul 22, 2025 8:55 AM

BRUSSELS (Reuters) -Apple's changes to its App Store rules and fees will likely secure the green light from EU antitrust regulators, people with direct knowledge of the matter said, a move that would stave off potentially hefty daily fines for the iPhone maker.

The company last month said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple's small-business program.

Developers who send customers outside the App Store for payment will pay a fee between 5% and 15%. They will also be able to use as many links as they wish to send users to outside forms of payment.

Apple made the changes after the EU antitrust enforcer handed it a 500 million euro ($586.7 million) fine in April and gave it 60 days to comply with the Digital Markets Act aimed at reining in Big Tech and giving rivals more room to compete.

The European Commission is expected to approve the changes in the coming weeks, although the timing could still change, the people said.

"All options remain on the table. We are still assessing Apple's proposed changes," the EU watchdog said.

Apple did not immediately respond to a request for comment. The company earlier this month said it had implemented the changes to avoid punitive daily fines, while criticising the Commission for mandating how it runs its store.

The company could have been hit with daily fines of 5% of its average daily worldwide revenue, or about 50 million euros per day.

($1 = 0.8554 euros)

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 >
Eli Lilly to acquire privately held SiteOne
Eli Lilly to acquire privately held SiteOne
May 27, 2025
May 27 (Reuters) - Eli Lilly ( LLY ) will acquire privately held SiteOne Therapeutics, the companies said on Tuesday, giving the drugmaker access to an experimental non-opioid pain drug. (Reporting by Sriparna Roy in Bengaluru; Editing by Devika Syamnath) ...
Update: Southwest Airlines to Start Charging Customers $35 for First Checked Bag
Update: Southwest Airlines to Start Charging Customers $35 for First Checked Bag
May 27, 2025
10:07 AM EDT, 05/27/2025 (MT Newswires) -- (Updates throughout according to the company's statement.) Southwest Airlines ( LUV ) will charge its customers $35 for one checked bag and $45 for the second starting Wednesday, the company confirmed to MT Newswires Tuesday. Southwest ( LUV ) passengers at the highest loyalty status or those purchasing the top fare type will...
Insight Enterprises Repurchases $76 Million Worth of Shares From ValueAct
Insight Enterprises Repurchases $76 Million Worth of Shares From ValueAct
May 27, 2025
10:08 AM EDT, 05/27/2025 (MT Newswires) -- Insight Enterprises ( NSIT ) said Tuesday it bought back 600,000 shares at about $126.86 apiece from ValueAct Capital Master Fund for a total of roughly $76 million. The company said the repurchase was made as part of its existing $300 million stock buyback program. Price: 134.62, Change: +2.54, Percent Change: +1.92 ...
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,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved