In a landmark ruling, the European Union has fined tech giant Apple a record $2 billion for anti-competitive practices. The decision comes after a lengthy investigation into Apple’s App Store policies, which were found to unfairly favor its own services over competitors like Spotify.

The EU Competition Commissioner stated that Apple’s actions had stifled competition and harmed consumers by limiting choice and innovation in the digital music market. The hefty fine sends a clear message that the EU will not tolerate anti-competitive behavior from major tech companies.

Spotify, one of Apple’s biggest rivals in the music streaming industry, welcomed the ruling as a victory for fair competition. The Swedish company had been vocal in its criticism of Apple’s App Store fees and restrictions, which it argued put Spotify at a disadvantage in the market.

Apple has stated that it will appeal the decision, maintaining that its App Store policies are fair and in compliance with EU regulations. The tech giant has faced increasing scrutiny in recent years over its dominance in the digital marketplace, with regulators around the world closely monitoring its business practices.

As the case continues to unfold, it remains to be seen how this ruling will impact the future of competition in the tech industry and the relationship between major players like Apple and Spotify.