The European Union imposed a fine of $2 billion on Apple Inc for making use of its App Store to circumvent competition laws.
According to media reports, the fine has been imposed on Apple for preventing music streaming platforms like Spotify from informing users of payment options outside Apple's App Store.
The action against Apple was prompted by a complaint filed by Spotify in 2019 over this restriction and the 30 per cent App Store fees charged by Apple.
The European Union competition enforcer observed that the restrictions imposed by Apple amount to unfair trading practices.
Reuters reported that EU antitrust chief Margrethe Vestager will check to ensure that Apple complies with new EU tech rules known as the Digital Markets Act.