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Market Chatter: Apple's Plan to Comply With Order Over Outside App Store Payments Under Review by European Commission
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Market Chatter: Apple's Plan to Comply With Order Over Outside App Store Payments Under Review by European Commission
Apr 8, 2024 6:38 AM

09:12 AM EDT, 04/08/2024 (MT Newswires) -- Apple's ( AAPL ) plan comply with an order to inform music streaming providers such as Spotify Technology ( SPOT ) about payment options outside its App Store is being reviewed by the European Commission, Reuters reported Monday, citing the regulator.

Under Apple's ( AAPL ) proposal released Friday, Spotify ( SPOT ) and other music streaming providers may add a link on their websites to inform customers of other ways away from Apple's ( AAPL ) App Store to buy digital goods or services.

"We are currently assessing whether Apple ( AAPL ) has fully complied with the decision," Reuters quoted a European Commission spokesperson as saying.

Apple ( AAPL ) declined Reuters' request for comment.

Neither Apple ( AAPL ) nor the European Commission immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 169.47, Change: -0.11, Percent Change: -0.06

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