Advertisement
Canada markets closed
  • S&P/TSX

    24,561.20
    +122.12 (+0.50%)
     
  • S&P 500

    5,842.47
    +27.21 (+0.47%)
     
  • DOW

    43,077.70
    +337.28 (+0.79%)
     
  • CAD/USD

    0.7271
    +0.0010 (+0.14%)
     
  • CRUDE OIL

    70.53
    -0.05 (-0.07%)
     
  • Bitcoin CAD

    93,324.52
    +1,486.84 (+1.62%)
     
  • XRP CAD

    0.76
    +0.02 (+2.32%)
     
  • GOLD FUTURES

    2,690.50
    +11.60 (+0.43%)
     
  • RUSSELL 2000

    2,286.68
    +36.86 (+1.64%)
     
  • 10-Yr Bond

    4.0160
    -0.0220 (-0.54%)
     
  • NASDAQ

    18,367.08
    +51.49 (+0.28%)
     
  • VOLATILITY

    19.58
    -1.06 (-5.14%)
     
  • FTSE

    8,329.07
    +79.79 (+0.97%)
     
  • NIKKEI 225

    39,180.30
    -730.25 (-1.83%)
     
  • CAD/EUR

    0.6694
    +0.0031 (+0.47%)
     

Spain's antitrust watchdog opens investigation into Apple's app store

A man looks at Apple iPhones at a shop in Bilbao

MADRID (Reuters) -Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

The CNMC, as the regulator is known, said that Apple may have imposed unequal commercial conditions on developers of mobile applications sold at its app marketplace.

The practices could be considered a very serious violation of competition law and could carry a fine worth as much as 10% of the company's global revenues, the regulator said in a statement.

Apple denied imposing unequal commercial conditions on mobile application developers.

"Spanish developers of all sizes compete on a level playing field on the App Store," it said in a statement.

"Apple will continue to work with the Spanish Competition Authority to understand and respond to their concerns," the statement said.

The CNMC investigation follows two different ones opened against the tech giant by the European Commission: one on whether the company breached the bloc's landmark Digital Markets Act which seeks to ensure a level playing field for smaller rivals and another into new fees imposed on app developers.

In March, Brussels fined Apple 1.84 billion euros ($2.00 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker's first ever penalty for breaching EU rules.

($1 = 0.9223 euros)

(Reporting by Inti Landauro, edititng by Andrei Khalip and Louise Heavens)