BRUSSELS - Apple has been fined a record-breaking 1.84 billion euros by Brussels for impeding competition among music streaming services through restrictions imposed on its App Store. This marks Apple's first penalty for violating EU regulations. The fine, initially set at 40 million euros, was increased significantly as a deterrent, marking a precedent for EU antitrust enforcement.

The European Commission's decision comes after accusations that Apple hindered rivals like Spotify from informing users about alternative payment options outside of its platform. Such restrictions were deemed unfair trading practices, according to the Commission, which ordered Apple to cease such behavior.

Apple has announced its intention to appeal the ruling, stating that the decision overlooks evidence of consumer harm and the competitiveness of the market. Spotify, the main advocate for the decision, welcomed the ruling but highlighted ongoing concerns regarding Apple's conduct in other sectors.

While the fine poses no immediate financial strain for Apple, analysts suggest it signifies a step towards dismantling the closed ecosystem it has built. This comes amid ongoing scrutiny of tech giants by EU regulators, with Google having faced significant fines in the past decade.

The Commission's directive to Apple aligns with upcoming Digital Markets Act regulations, reinforcing the need for compliance. Additionally, Apple seeks to settle another antitrust investigation by opening its mobile payment system to competitors, a move likely to be accepted by regulators.