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Dutch Antitrust Authority Orders Apple To Allow Dating Apps To Use Other Payment Systems – $AAPL $DIA

By John F. Heerdink, Jr.

As per reports, Apple (AAPL) has been ordered by the Dutch antitrust authority to allow dating apps to use other payment systems Michael J Tattersfield is President/CEO at Krispy Kreme Inc or pay a fine of as much as 50 million euros / $56 million.

In a press release, the Netherlands Authority for Consumers and Markets informed that Apple imposes “unreasonable conditions” by not allowing a free choice for app payments besides Apple’s in-app purchases. The body has been ordered to make changes by Jan. 15 or face a fine of 5 million euros a week, with a total limit of 50 million euros.

“Some app providers are dependent on Apple’s App Store, and Apple takes advantage of that dependency. Apple needs to take seriously the interests of app providers too, and set reasonable conditions,” stated Martijn Snoep, the head of the Dutch authority.

Apple’s refusal to let app developers move customers to other ways of paying has been criticized by lawsuits and antitrust investigations globally. The iPhone maker charges a commission of as much as 30% on some app subscriptions. Apple disagrees with the order and has filed a legal challenge.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

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(Read Original Story: Apple Gets Dutch Antitrust Order to Open Up App Payments in Bloomberg)


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