It looks like Apple is about to make history – as the first company to receive a fine under the EU's Digital Markets Act (DMA).According to a new report from Bloomberg, the European Commission is planning to slap Apple with a fine of as much as 10 percent of the company's global annual sales.

Going by Apple's last year's revenue, the first fine could go as high as $38 billion. The Commission is likely to announce this penalty

Apple may soon be facing a hefty fine from the EU over its App Store policies. It would be the first time the iPhone maker will be penalized under the EU’s Digital Markets Act (DMA). Apple to be the first company penalized under the EU’s DMA for its App Store policies Apple was declared guilty of enforcing “steering” policies on its App Store by the EU earlier this year.

The Digital Markets Act allows for a potentially massive fine over anticompetitive restrictions in the App Store.

In March 2024, the tech giant was fined $2.01bn for limiting competition in music streaming through its App Store policies.