Streamers are combining forces in the race for loyal subscribers.
Apple Inc (NASDAQ:AAPL) is contesting a $1.95 billion (1.8 billion euros) fine imposed by the European Union, which accuses the tech giant of undermining fair competition from music-streaming services like Spotify Technology SA (NYSE:SPOT). The company has filed an appeal with the EU's General Court in Luxembourg to overturn the decision made in March, according to a report from Bloomberg. The EU's action against Apple also includes a mandate to stop preventing music-streaming apps from informin
WASHINGTON (Reuters) -Apple said on Tuesday it plans to ask a U.S. judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. Apple said the complaint should be dismissed on a number of grounds. In the letter to the judge, Apple argues that the DOJ relies on a new "theory of antitrust liability that no court has recognized."