LONDON — The European Union on Thursday accepted Apple’s pledge to open its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potentially hefty fine. To encourage iPhone users to switch away from Apple Pay to another mobile wallet, “the fee reduction needs to be partially passed onto the …
-- Apple Inc. risks billions of euros of new fines over its App Store rules as European Union antitrust regulators escalated a growing conflict over rules that strike at the heart of the iPhone maker’s business model. At the same time, the commission said that it had opened a fresh investigation into Apple’s new App Store fees for developers in …
Qualcomm and Apple entered into an agreement a decade ago. The initial contract and its subsequent renewal made clear that the chip maker would stop making payments to Apple if the iPhone maker sells its mobile devices with a chipset supplied by a Qualcomm rival. “These payments were not just reductions in price – they were made on the condition …
