Apple under investigation by the EU for violating the Digital Market Act

Regulators in the European Union have launched an inquiry into Apple for allegedly suppressing competition. They claim that the company's App Store policies violate the Digital Markets Act (DMA) of the union by limiting the freedom of app developers to direct users to competing services.

The EU's executive branch, the European Commission, announced today that it is looking into the Silicon Valley behemoth's new contractual demands for independent app shops and developers.

Companies that violate the regulations may be fined up to 10% of their worldwide yearly turnover; if the violation is committed again, the penalty may increase to 20%.

Apple notified the press that it has "made a number of changes to comply with the DMA in response to feedback from developers and the European Commission" .

They followed on to say "We are confident our plan complies with the law, and estimate more than 99% of developers would pay the same or less in fees to Apple under the new business terms we created."

(Sources: investing.com, proactiveinvestors.co.uk)