Apple hit with EU antitrust charge over financial technology

Published May 2, 2022 1:22pm ET



Apple was charged with accusations of antitrust misconduct by the European Union.

Regulators from the EU sent a charge sheet accusing Apple of restricting rivals’ access to its NFC chip technology, which allows the iPhone to interact with credit card kiosks. Apple could face a fine of up to $36.6 billion.

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