Apple Inc. (AAPL, Financial) is reportedly preparing to make concessions in ongoing negotiations with the European Union to address issues related to the "steering" clause. This clause aims to prevent users from accessing offers outside the App Store. The anticipated concessions are intended to avoid penalties that are set to take effect soon.
According to unnamed sources involved in the discussions, Apple plans to announce measures that would grant the company additional time. The European Commission will assess these changes before making a final decision. The negotiations also cover Apple's "core technology fee," which requires developers to pay fees for each installation after one million downloads annually.
While Apple has declined to comment on the matter, the European Commission confirmed that it is in close communication with the company to discuss compliance issues effectively. However, it did not comment on potential outcomes ahead of the specified deadline.
