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Market Chatter: Apple Receives Warning From Russia Over Alleged Discrimination Against Local Apps

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Apple (AAPL) received a warning from Russia's anti-monopoly watchdog to address alleged discriminatory practices against Russian search engines and software, and failure to remedy the violations by July 15 could result in a fine of up to 4 billion roubles ($51.6 million), Reuters reported Wednesday.

The company must ensure that Russian software, including search engines and the Max messenger, is pre-installed on its devices, the report said, citing the Federal Antimonopoly Service.

Apple did not immediately respond to a request for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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