Apple Loses EU Digital Markets Act Case

The General Court of the European Union has dismissed Apple's challenge against the classification of its App Store and iOS operating system as 'gatekeepers' under the Digital Markets Act (DMA). The court ruled that Apple's control over these platforms creates anti-competitive effects. Apple had argued that the obligations imposed by the DMA harm its business model. However, the court stated that Apple's market power and platform dependency align with the regulation's objectives. This decision means Apple will be subject to regulations limiting its control over its app store and operating system in the EU. The company has reserved the right to appeal the ruling. This is not investment advice.