By Josh White
Date: Thursday 19 Sep 2024
LONDON (ShareCast) - (Sharecast News) - European Union competition authorities started proceedings against Apple on Thursday, in a bid to enforce compliance with regulations that mandate the company to open its proprietary ecosystem to competitors.
Under the framework of the Digital Markets Act, the European Commission was set to delineate the specific actions Apple needed to implement to align with the new rules.
The move was part of the EU's broader strategy to foster a more competitive digital marketplace.
According to Reuters, the initial proceeding targeted various connectivity features and functionalities within Apple's iOS platform, which were predominantly used by connected devices.
The measures were intended to ensure greater interoperability and fair access for other tech firms operating within the EU market.
A second proceeding was focussed on scrutinising Apple's established procedures for managing interoperability requests submitted by developers and third parties for both iOS and iPadOS.
Reporting by Josh White for Sharecast.com.
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Currency | US Dollars |
Share Price | $ 228.52 |
Change Today | $ -0.48 |
% Change | -0.21 % |
52 Week High | $236.48 |
52 Week Low | $165.00 |
Volume | 40,949,635 |
Shares Issued | 15.12m |
Market Cap | $3,454.31m |
RiskGrade | 150 |
Strong Buy | 11 |
Buy | 16 |
Neutral | 14 |
Sell | 1 |
Strong Sell | 0 |
Total | 42 |
Time | Volume / Share Price |
15:59 | 500 @ $228.52 |
15:59 | 100 @ $228.52 |
15:59 | 100 @ $228.52 |
15:59 | 2,300 @ $228.52 |
15:59 | 4,388 @ $228.52 |
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