Photo Credit: forbes.comApple has announced major changes to its services in Europe that will allow iPhone users to download alternative app stores for the first time, as the US tech giant yields to new EU antitrust regulations. The overhaul, which will take place in March when the European Union’s sweeping Digital Markets Act comes into force, will curtail the dominance of the App Store, which has been a mainstay of the iPhone since 2008. Users will for the first time be able to download software from outside the App Store and they will be given new options to process payments. In its announcement on Thursday, Apple said the Digital Markets Act has created “privacy and security risks” and that the company is installing safeguards to reduce them. ADVERTISEMENTCompanies found infringing the Digital Markets Act expose themselves to fines that could reach as high as 20 percent of their global turnover, or even orders to be broken up in serious cases.

Source: Forbes January 28, 2024 03:59 UTC