Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Trump Criticizes EU’s €120 Million Fine on Elon Musk’s X Platform 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
The Spanish competition regulator is investigating Apple's App Store for potential anti-competitive actions, risking billion-euro fines.
Unfair Practices Under Investigation
According to Reuters, the Spanish competition regulator is looking into Apple's App Store for possible anti-competitive actions that might lead to heavy fines.
This week, the App Storewas the subject of an investigation by the National Commission of Markets and Competition (CNMC). The CNMC is investigating allegations that Apple may be unfairly treating app developers who distribute their apps through the store.
The probe was started without consulting anyone, which shows how much of an impact app shops have on the Spanish economy. Both Spanish competition law and the TFEU forbid Apple from engaging in activities that might amount to an abuse of a dominant position.
Legal Implications for Apple
If the CNMC's inquiry finds that these claims are true, Apple might be hit with fines as high as 10% of its yearly global revenue, which could translate to billions of euros. Apple faces an increasing number of regulatory hurdles in Europe as a result of this investigation, the conclusion of which might take as long as two years.
A representative from Apple stated that the tech giant "will continue to work with the Spanish Competition Authority to understand and respond to their concerns," restating the company's belief that the rules governing the App Store are reasonable and consistent, and noting that developers receive more than 90 percent of revenues without commission.
European Commission's Previous Fine
MacRumors reports that there has been a general uptick in regulatory examination of the dominance of big tech corporations in online markets, and the Spanish probe is part of that trend. Apple was hit with a 1.84 billion euro fine by the European Commission in March for anti-steering activities pertaining to music streaming apps.
According to the preliminary conclusions of the European Commission, which were released in June, developers were prevented from directing consumers to other payment methods by Apple's App Store guidelines, which breached the Digital Markets Act (DMA).
The DMA's goal is to make the technology market more equitable for smaller rivals. If a corporation doesn't follow the rules, they could be fined up to 10% of their global revenue.
