Apple reportedly faces its first EU antitrust fine

• Apple could be fined about 500 million euros by the European Union, according to reports.
• The penalty is related to “unfair trading conditions,” the Financial Times reported.
• Apple blocked rivals from telling users about cheaper options, the EU is expected to say next month.

Apple is expected to be fined by the European Union for the first time, according to reports by the Financial Times and Bloomberg.

The EU is set to impose a penalty of about 500 million euros ($539 million) in early March, the FT reported.