Italy's antitrust fines Apple for alleged abuse of dominant position with App Store

Core Viewpoint - Italy's competition authority has imposed a fine of 98.6 million euros ($115.53 million) on Apple and its two subsidiaries for alleged abuse of dominant position in distribution [1] Group 1: Regulatory Actions - The fine is a result of an investigation into Apple's market practices in Italy [1] - The competition authority's decision highlights ongoing scrutiny of large tech companies regarding their market behavior [1] Group 2: Financial Implications - The imposed fine represents a significant financial impact on Apple, reflecting the increasing regulatory pressures faced by the company in Europe [1]