The European Commission is set to impose a €500 million fine on Apple for antitrust violations in the music streaming market.

The fine is a result of a five-year investigation into Apple's App Store payment policies, which are said to limit competition.

While Apple could face a fine up to 10% of its annual global turnover, the exact penalty will be determined in the final ruling.

Apple has revised its App Store policies in response to the EU's Digital Markets Act, but faces criticism from Spotify's CEO for the new fees.

The EU's impending decision is expected to prevent Apple from restricting music apps from informing users about cheaper subscriptions available outside the App Store.

Apple's adaptation includes reducing its commission from 30% to 17%, plus a 3% fee for payment processing.

In the broader context, the EU is actively working to regulate major tech companies to foster more competition in the digital marketplace.