Facing EU deadline, Apple announces App Store changes

Core Points - Apple announced changes to its App Store payment rules in Europe to comply with EU digital competition regulations, avoiding potential daily fines [1][3] - The European Commission fined Apple 500 million euros ($586 million) for preventing developers from directing customers to cheaper payment options outside the App Store [2][3] - Apple plans to appeal the fine while implementing changes that allow developers to offer different payment options directly within their apps [3][4] Regulatory Context - The EU set a deadline for Apple to comply with its Digital Markets Act (DMA) or face additional penalties exceeding 50 million euros daily [2][4] - The European Commission will assess Apple's new business terms to determine compliance with the DMA [4][5] - Apple has expressed disagreement with the EU's requirements, stating that it is compelled to make changes under the threat of significant fines [5] Industry Implications - The EU's Digital Services Act and DMA represent a significant regulatory shift that has drawn criticism from tech companies and U.S. leaders [5][7] - Ongoing negotiations between the EU and the U.S. regarding digital laws and tariffs highlight the contentious nature of these regulations [7]