Microsoft and Apple could be fined 10% of their annual revenue by the EU

The European Union has accused Microsoft of antitrust violations related to bundling the video conferencing app Teams within its Office suite.

These allegations mark the first such charges against Microsoft in over a decade.

The case raises questions about whether the company gained an “undue advantage” by integrating Teams into its popular productivity software.

The direct competitors of Teams such as Zoom, Slack and Salesforce will suffer the potential advantages of Microsoft Teams under the European Commission regulation rules about competition.

Brad Smith, Microsoft president, said: “Having unbundled Teams and taken initial interoperability steps, we appreciate the additional clarity provided today and will work to find solutions to address the commission’s remaining concerns.”

Brussels is also investigating other Big Tech companies.

On Monday, the European Commission accused Apple of hindering competition on its App Store, marking the first instance where EU regulators have brought charges against a Big Tech group under new digital regulations.

If proven guilty, Apple could be subject to a penalty of up to 10% of its worldwide annual revenue, potentially resulting in fines amounting to tens of billions of dollars.

The fines could escalate to 20% if the violation is repeated, according to the European Union.

Apple expressed confidence in its compliance.

eToro Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

Sign up to receive my latest articles in your inbox

I agree that my data is used according to the privacy policy

Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.