Apple fined €98.6m by Italy's competition watchdog

Italy's competition authority said on Monday it had fined US tech giant Apple and two of its units €98.6m over alleged abuse of dominant position for the distribution of mobile applications for iOS users.

Italy's competition authority said on Monday it had fined US tech giant Apple and two of its units €98.6m over alleged abuse of dominant position for the distribution of mobile applications for iOS users.

The regulator said the group allegedly violated European regulation with its App Store, where it holds an "absolute dominance" in providing platforms to developers.