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Tech

CMA targets Apple and Google's market dominance in major shake-up for º£½ÇÊÓÆµ app market

The Competition and Markets Authority has published a pair of roadmaps detailing how it plans to shake up the º£½ÇÊÓÆµ's £33.6 billion mobile app economy in order to loosen the grip of Apple and Google on the sector

In a pair of roadmaps published on Wednesday, the Competition and Markets Authority (CMA) laid out potential interventions aimed at rebalancing the º£½ÇÊÓÆµâ€™s £33bn app economy(Image: PA)

The º£½ÇÊÓÆµ's competition watchdog has unveiled a comprehensive overhaul of the mobile app economy, with proposals to designate Apple and Google as possessing "strategic market status" (SMS) – a development that could pave the way for new competitors, reduce development expenses, and generally weaken the tech giants' stranglehold on the mobile ecosystem.

In a pair of roadmaps released on Wednesday, the Competition and Markets Authority (CMA) outlined potential interventions designed to rebalance the º£½ÇÊÓÆµ's £33bn app economy, as reported by .

The proposals would address everything from app store charges and review procedures to limitations on digital wallets.

The announcement arrives as regulators worldwide intensify pressure on Big Tech, with the CMA cautioning that the º£½ÇÊÓÆµ must move swiftly or risk lagging behind international counterparts in addressing market concentration.

An Apple spokesperson said: "We're concerned the rules the º£½ÇÊÓÆµ is now considering would undermine the privacy and security protections that our users have come to expect, hamper our ability to innovate, and force us to give away our technology for free to foreign competitors."

"We will continue to engage with the regulator to make sure they fully understand these risks."

The Apple logo (Image: 2024 Getty Images)

Mobile power, fintech innovation and app store dominance

Apple and Google's operating systems drive nearly all º£½ÇÊÓÆµ smartphones – commanding up to 100 per cent of the market between them.

Long-standing concerns have been raised about the duopoly, particularly regarding high commission rates, opaque ranking algorithms and the blocking of rival payment and app distribution models.