Apple’s App Store rules change my get EU approval soon: Report

Apple’s updates to its App Store rules and fees are likely to get approval from EU antitrust regulators soon, says a report by news agency Reuters. Citing people familiar with the matter, the report states that this could help the Cupertino-based company avoid large daily fines. Last month, the iPhone maker said that developers will soon be required to pay a 20% processing fee for purchases made via the App Store. For Apple’s small-business program, the fees could go as low as 13%.

The changes were announced after the EU antitrust regulator fined Apple with a 500 million euro ($586.7 million) fine in April this year. The regulator then gave it 60 days to comply with the Digital Markets Act.