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The company is reportedly building a new AI-powered mobile device. If Amazon follows through on the plan, experts warn it would be next to impossible to break into a crowded market.
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The European Commission on Monday slammed Apple with a huge $1.95 billion fine for anti-competitive conduct in the music streaming market. In response to the decision, Apple fired back at the EU and Spotify, saying the move "just cements the dominant position of a successful European company that is the digital music market's runaway leader."
Apple will appeal.
The company also says it intends to comply with the EU's Digital Markets Act (DMA) within days.
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