Apple objections to fines in The Netherlands rejected by competition watchdog
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The Dutch competition watchdog ACM rejected objections by Apple (NASDAQ:AAPL) against fines over failure to limit the dominant position of the App Store, Reuters reported.
Shares are up 1% on Monday.
The ACM said Apple has complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to a fine of 50M euros, or roughly $53M.
In 2021, the ACM ruled that Apple violated Dutch competition laws in the dating app market and required it to allow developers of dating apps to use third-party payment processors. 
The Cupertino, Calif.-based company objected to the fine, saying that the regulator had incorrectly defined relevant markets and had overestimated the dominance of its position in the dating app market, Reuters said.
The regulator rejected all of Apple's (AAPL) objections in a decision dated July 13 and published on Monday. The company plans to appeal.

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