The iPhone maker is reported to have begun making preparations to comply with the EU's Digital Markets Act, which comes into force in 2024.
In meeting the requirements set by European legislators, Apple could allow its customers to download third-party software to their iPhones and iPads without using the company’s App Store, sidestepping Apple’s restrictions and commission charges of up to 30 per cent.
The EU's Digital Markets Act (DMA) aims to curb anti-competitive behaviour and keep “gatekeepers” from suppressing market competition. The fines for non-compliance can reach up to 10 per cent of annual turnover.
To address what it deems as unfair business practices, the DMA is set to require 'Big Tech' companies such as Apple, Google, Amazon, Facebook and Microsoft to make their messaging services interoperable with third parties and provide business users with access to the data they generate to promote their own offers and conclude...