Apple is negotiating with EU regulators to avoid hefty fines related to its App Store practices, particularly concerning anti-steering rules that prevent developers from directing users to alternative payment options. The company is expected to propose new concessions before the June 26 deadline, as previous changes have not fully satisfied regulatory requirements. The potential daily fines could exceed $50 million if compliance is not achieved.

Apple has been fined €500 million and Meta €200 million by EU antitrust regulators for breaching new laws aimed at regulating major tech companies. Both companies have two months to comply with the orders or face further penalties, with Meta criticizing the decision as unfairly targeting American businesses.