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Apple may face a multi-billion dollar fine shortly after their iPhone 16 launch event today

Sep 9, 2024, 8:58 AM | Updated: Sep 13, 2024, 11:53 am

BY JENNY D


KOSI 101.1

Apple may face a multi-billion dollar fine shortly after their iPhone 16 launch event today. The company is accused of anticompetitive behavior. Authorities are examining Apple’s practices. The fine could be one of the largest in history.

Bloomberg’s Mark Gurman, reveals in his latest column the reason Apple’s iPhone 16 launch event has been moved up a day. According to his report, this has been scheduled in order to avoid coinciding with a major court decision that could result in a hefty fine for the tech giant.

The European Commission is set to announce tomorrow whether Apple will have to pay a record-breaking $14 billion fine for alleged tax evasion. This decision comes after an eight-year legal battle over claims that Apple and Ireland colluded to dodge corporate taxes on over $100 billion in European revenue.
In addition to the court case, Apple also wanted to avoid competing with the first US presidential debate, which is also scheduled for September 10th. By moving the iPhone 16 launch to Monday, Apple ensures that its event will receive maximum attention and avoid being overshadowed by other major news events.

Apple kicks off “It’s Glowtime” event at 11AM/MT TODAY and will be streamed on the company’s website and YouTube channel.

Super Bowl half-time show has been announced and people are having to Google it

 

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Apple may face a multi-billion dollar fine shortly after their iPhone 16 launch event today