The European Commission is set to impose a 500 million euro fine on Apple for allegedly favoring its own services in the App Store.

Apple is accused of a 30% commission on competitors' streaming services and preventing apps from directing users to cheaper alternatives.

This fine marks the first EU antitrust violation penalty against Apple, stemming from a complaint made by Spotify in 2019.

The Commission may also force Apple to allow users access to more cost-effective music streaming options.

In a separate case, Apple is considering a settlement with the EU by allowing rival access to its mobile payment technology to avoid additional fines.

Apple argues that the App Store has been instrumental in Spotify's success as Europe's largest music streaming service.

Neither Apple nor the European Commission have officially commented on the anticipated fine announcement.