Share This Article
Apple CEO Tim Cook is scheduled to meet with the European Union’s antitrust chief, Margrethe Vestager, next week, amidst an array of disputes between the tech giant and the EU. This meeting, set to take place in San Francisco and Palo Alto, will also involve discussions with other tech leaders, including Alphabet, Broadcom, Nvidia, and OpenAI executives. The focus will be on crucial topics like European competition policy and digital regulation.
To resolve an ongoing antitrust dispute, Apple has reportedly suggested allowing Apple Pay rivals access to the iPhone’s NFC technology for contactless payments in the EU. This proposal, aimed at avoiding potential fines, is currently under consideration by the European Commission. Feedback from competitors and customers will play a pivotal role in the decision-making process.
Apple is grappling with a significant $14 billion tax dispute in the EU, adding another layer of complexity to its relationship with European regulators. This issue is likely to be a key point of discussion during the upcoming meeting.
The EU’s new rules, particularly the Digital Markets Act (DMA), categorize major tech companies as “gatekeepers.” These companies, including Apple, are mandated to open up their services and platforms to other companies and developers. The DMA is expected to bring about substantial changes to how the App Store, FaceTime, and Siri operate in Europe. For instance, Apple will be compelled to allow users to install third-party app stores, sideload apps, and grant developers the ability to promote their offerings outside the App Store while using third-party payment systems.
- Apple’s Bay Street Store in Emeryville is Set to Reopen Next Week
- Apple Card Savings Account Boosts Interest Rate to 4.35%
- Apple Resolves Lawsuit Over Gift Card Scam Accusations