Is Apple in Trouble in the EU?

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Potential fines for companies found guilty of anti-competitive behavior in the EU can range as high as a 10 percent chunk of a company’s annual sales, reports The New York Times. However, the European Commission rarely imposes fines of that magnitude since it typically meets with companies to try and settle disputes, even after a formal complaint has been lodged against them.

Investors seemed unfazed by the news since Apple shares closed up 0.14 percent at $452.73 on Thursday.

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