Report: Apple facing $1bn daily fines over alleged DMA breaches

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Apple is reportedly facing $1 billion in daily fines from the European Commission over breaches of its Digital Markets Act.

This is according to a report by the Financial Times, which alleged that the EU Commission had deemed Apple not to be complying with its DMA legislation.

If found guilty, the EU Commission could fine Apple with daily fines reaching 5% of the firm's average daily turnover, which is over $1 billion.

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