EU slaps Apple with 1.8-bln-euro antitrust fine

EU slaps Apple with 1.8-bln-euro antitrust fine
The suit, initially filed in late 2011, seeks hundreds of millions of dollars in damages based on the reasoning that the lack of competition pushed app prices higher/AFP-File

BRUSSELS, March 4 (Xinhua) — The European Union (EU) on Monday slapped tech giant Apple with 1.8 billion euros (about 1.95 billion U.S. dollars) of antitrust fine.

Apple was fined for the alleged abuse of its dominant market position in the distribution of music streaming apps to iPhone and iPad users via its App Store, according to a statement from the European Commission.