Apple is reportedly at risk of incurring daily fines amounting to $1 billion due to alleged violations of the Digital Markets Act (DMA)

The European Commission may impose fines of $1 billion per day on Apple due to violations of the Digital Markets Act (DMA).

A report from the Financial Times mentioned the Commission's decision that Apple is not adhering to its DMA stipulations.

Should the allegations be confirmed, Apple might face daily penalties amounting to 5% of its average daily revenue, exceeding $1 billion.

Earlier in the year, Apple revised its policies to meet DMA requirements, permitting alternative app stores and payment systems on its platform.

Part of these policy changes included a "core technology fee," charging developers €0.50 annually per app install after the first for both App Store and third-party app store installations.

"We believe our plans comply with the DMA," Apple previously stated. "We'll keep working with the EU Commission as their investigations proceed."

In March, the EU Commission launched probes into Google, Meta, and Apple to look into possible DMA breaches, specifically examining Apple's App Store practices.