Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Apple says it's complying with EU's Digital Markets Act amid criticism

Published 03/18/2024, 06:53 AM
Updated 03/18/2024, 09:20 AM
© Reuters. FILE PHOTO: iPhone 15 and iPhone 15 Plus are displayed during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/File Photo

By Foo Yun Chee

BRUSSELS (Reuters) - Apple (NASDAQ:AAPL) on Monday fended off criticism that it has not done enough to open up its closed eco-system as required under the European Union's Digital Markets Act, saying it has complied with the landmark legislation.

The DMA sets out a list of obligations and prohibitions for Apple, Alphabet (NASDAQ:GOOGL)'s Google, Amazon (NASDAQ:AMZN), TikTok owner ByteDance, Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) which the six companies had to abide by on March 7.

Apple has in recent weeks announced a series of changes from allowing apps developers to distribute their iPhone apps directly to consumers instead of through Apple's App Store to letting developers distribute their apps to users in the European Union outside of the App Store.

The company told apps developers, business users and rivals at a day-long hearing organised by the European Commission that it has redesigned its systems to comply with the DMA.

"We were guided first and foremost by ensuring that we've complied with the law. And then second, that we did it in a way that was consistent with our values and consistent with the language that we've developed with our users over a very long period of time. And we think we've accomplished that," Apple's lawyer Kyle Andeer told the hearing.

"And I think we're focused on it from a user perspective. Now, it's not to say that we're not focused on the impact of developers, but I think from our perspective first and foremost, we'll be tracking very carefully what's the impact of all of these different changes on the user experience that we've delivered to our customers for 15, 16 years through the iPhone?"

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Meta will present its compliance efforts at a separate hearing on Tuesday, Amazon on Wednesday, Alphabet on Thursday, ByteDance on Friday and Microsoft next Tuesday.

Companies that fail to comply with the DMA risk investigations that can lead to fines of as much as 10% of their global annual turnover.

(This story has been refiled to add a dropped apostrophe in the headline)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.