Apple Stock (AAPL) Rises Amid EU Regulatory Challenges
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Apple (AAPL) shares climbed despite mounting regulatory pressure from the European Union, with executives accusing Brussels of stifling innovation. The tech giant's closed ecosystem, often described as a 'walled garden,' faces scrutiny under the Digital Markets Act—a law designed to curb anti-competitive practices.
EU regulators imposed a $586 million fine in April, alleging Apple's App Store policies disadvantage rivals. Greg Joswiak, Apple's executive, framed the conflict as a threat to the company's ability to deliver its signature 'magical experience' to European users. The DMA allows penalties of up to 10% of global revenue for violations.
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