EU might compel Apple to give up its "monopoly" by abolishing "Apple Tax" With the Digital Market Act

The new Digital Market Act of the European Union compel the tech giant Apple to relax its strict control over its iPhone platform. With this new action, the business would stop "taxing" developers that use the App Store to advertise or sell their goods. The new law, which will give developers more control over their apps, will be adhered to by Apple by 2024. According to the Giz China report, the business will provide developers more control over how their apps function and will be in compliance with the law by 2024. Apple's "walled garden" policy enables the company to have tight control over the iOS platform, including the payment system and the apps that consumers can download to their iPhones and iPads. [caption id="attachment_72309" align="aligncenter" width="2560"] Image credit- the british library[/caption] The potential repercussions of the EU's new regulation may significantly alter Apple's business approach. By enforcing its own conditions of usage up to this point, Apple has been able to maintain a "closed off" ecosystem with direct control over content and downloads. Apple won't have the same freedom to conduct business as it did before the new laws, though. Effects of the New Law Will Be Visible in the Upcoming Apple iOS 17 Update The impending iOS 17 release may reflect the impact of the new law. Customers will reportedly be able to build up their own payment systems within apps, which means they won't have to rely on Apple services like Apple Pay. Additionally, it will eliminate the need for developers to compete with App Store features and Apple's exclusive capabilities. It's unclear how much of an effect this policy modification will have on Apple's mobile operating system. However, if other nations with more lax tech restrictions succeed in competing, Apple might be in a difficult situation. Apple has traditionally taken pride in providing customers with a safe and secure environment as well as the chance to access top-notch content, but once the app store launches, it won't be able to do this to the same extent. As part of two-factor authentication in 2023, Apple iOS 16.3 will introduce physical security keys to help secure Apple ID. The general public must wait to see how Apple responds to the new law. It's a hazardous step for Apple and will make the corporation reevaluate its current mode of operation.