Spotify's and the European Commission's claims of anticompetitive behavior by Apple have major flaws, political undercurrents, and a novel definition and application of the economic concept of monopoly, in my opinion. A worst-case short-term impact to the business would likely be painful: a one-time fine of up to 50% of yearly EPS in 2024 or 2025.
Spotify Vs. Apple: Invading The 'Walled Garden', And How The Garden Will Continue To Flourish