Reuters reveals Apple to face EU antitrust charge over NFC chip; market reacts

Last Updated on 08/10/2021 by

Business & FinanceTechnology

Reuters exclusively reported that Apple is set to be hit with a European Union antitrust charge next year over its tap-and-go NFC chip technology, a move that puts it at risk of a possible hefty fine and an order to open its payment system to rivals. The iPhone maker has been in EU antitrust chief Margrethe Vestager’s crosshairs since June last year when she launched an investigation into Apple Pay.

Market Impact

Shares of Apple fell 1% in early trade following the Reuters report.

Article Tags

Topics of Interest: Business & FinanceTechnology

Type: Reuters Best

Sectors: Business & FinanceEquitiesTechnology

Regions: EuropeGlobalNorth America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Customer Impact: Major Global Story

Source link