Apple ($AAPL) Faces EU Warning to Open iPhone OS or Risk Significant Fines

Sep 19, 2024, 09:03 AM

Apple Inc. ($AAPL) is reportedly set to receive a warning from the European Union to open up its highly guarded iPhone operating system to rival technologies. The EU's directive comes under the bloc’s new Digital Markets Act, which mandates that operating systems must be fully functional with other technologies. Failure to comply with these strict new rules could result in significant fines for Apple, according to press reports.