Spain Probes Apple for 'Imposing Unfair Trading Conditions' on Developers

Apple (AAPL) has been put nether investigation by Spanish antitrust officials, who allege that nan iPhone shaper mightiness beryllium “imposing unfair trading conditions connected developers" who usage its App Store.

The National Markets and Competition Commission (CNMC) said it is investigating whether Apple is carrying retired anti-competitive practices connected third-party developers. 

The regulator said Apple could beryllium fined up to 10% of its full world turnover if it is recovered blameworthy of violating nan country’s title law.

Apple didn't instantly return an Investopedia petition for comment.

Spanish Antitrust Probe Comes Amid EU Investigations

The Spanish probe comes amid a slew of European Union (EU) investigations of Apple for alleged anticompetitive practices.

Earlier this month, nan institution settled its "tap and go" payments probe pinch nan European Commission (EC), nan EU's enforcement arm, opening its mobile wallet to rivals for free successful a bid to debar antitrust fines.

The institution was besides preliminarily found successful violation of Europe's Digital Markets Act (DMA) past period because users weren't capable to beryllium "steered" distant from nan App Store to make payments.

In March, nan EU gave Spotify a boost erstwhile it fined Apple astir $2 cardinal (1.8 cardinal euros) for "abusive App shop rules for euphony streaming providers."

Apple shares were down almost 2% to $220.73 arsenic of 10:25 a.m. ET Wednesday. They are up 15% this year.