Paris Court Slaps Apple With Fine Of €1M Over App Store Practices

The Paris Commercial Court slapped a fine of €1 million on Apple Inc AAPL for imposing abusive commercial clauses on French app developers for accessing its App Store.
The court ruling, seen by Reuters, said there was no need to order Apple to change the App Store's clauses as the European Union's incoming Digital Markets Act would require changes.
An Apple spokesman said the U.S. company would review the ruling and believed "in vibrant and competitive markets where innovation can flourish."
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"Through the App Store, we've helped French developers of all sizes share their passion and creativity with users worldwide while creating a secure and trusted place for customers," the spokesman added.
The Digital Markets Act (DMA) will force Apple and Google to provide space for third-party app stores on their respective iOS and Android devices.
The DMA came into force on Nov. 1, and there is now a six-month implementation stage before it starts to apply for the most part from May 2, 2023.
Price Action: AAPL shares are down 0.52% at $131.68 during the premarket session on the last check Tuesday.
Photo by Okan Caliskan from Pixabay