Apple has moved to revamp its European Union app store policies as it seeks to fend off escalating fines under the 27-nation bloc's digital competition regulations.

The changed that Apple (NASDAQ:AAPL) made to its App Store policy to comply with orders from the European Union are likely to have a minimal financial impact, investment firm Evercore ISI said. “EU countries account for [roughly] 8% of total App Store revenue,

After being fined €500 million for not complying with the Digital Markets Act in April, Apple has introduced sweeping updates to its App Store policies in the European Union to avoid further penalties.