RISK CRESCENDO. Apple (AAPL.O) and Margrethe Vestager are locking horns again. Europe’s competition tsar issued a “statement of objections” on Friday alleging that the $2.2 trillion iPhone maker abused its dominance over the distribution of music-streaming applications. Apple’s App Store charges an up to 30% fee when customers use it to subscribe to a service. Since Apple’s own music offering competes with streamers like Spotify Technology (SPOT.N), Vestager reckons the company can use its smartphone dominance to discriminate against a rival. The risk for Apple is this line of thinking becoming contagious . U.S. senators grilled representatives from the company last week about whether it was using its App Store to favour its own products. “Fortnite” creator Epic Games has already filed a lawsuit alleging that Apple abused its dominance. Bernstein analysts reckon the App Store’s gross profit this year will be $19.3 billion, or 13% of Apple’s total. Losing some of that would create some jarring disharmony for its stock price. (By Liam Proud) Concise insights on global finance. ----------------------------------------------- RISK CRESCENDO. Apple (AAPL.O) and Margrethe Vestager are locking horns again. Europe’s competition tsar issued a “statement of objections” on Friday alleging that the $2.2 trillion iPhone maker abused its dominance over the distribution of music-streaming applications. Apple’s App Store charges an up to 30% fee when customers use it to subscribe to a service. Since Apple’s own music offering competes with streamers like Spotify Technology (SPOT.N), Vestager reckons the company can use its smartphone dominance to discriminate against a rival. The risk for Apple is this line of thinking becoming contagious . U.S. senators grilled representatives from the company last week about whether it was using its App Store to favour its own products. “Fortnite” creator Epic Games has already filed a lawsuit alleging that Apple abused its dominance. Bernstein analysts reckon the App Store’s gross profit this year will be $19.3 billion, or 13% of Apple’s total. Losing some of that would create some jarring disharmony for its stock price. (By Liam Proud) On Twitter http://twitter.com/breakingviews Earlier in Capital Calls: Darktrace’s IPO pop is deceptive read more World’s back office is suddenly front of mind read more DBS adds to Asia bank optimism read more Endeavor’s Hollywood ending read more Ares throws down gauntlet in private credit arena read more