$AAPL $SPOT KeyBanc analyst Andy Hargreaves said Apple investors should be watching closely to see how the European Commission responds. “We believe Spotify is largely on the right side in both facts and principle, which creates risk that App Store policy terms will be forcibly changed in a way that negatively impacts Services revenue and Apple's brand,” Hargreaves wrote in a note. Hargreaves said Apple’s terms require companies to use its payment method in-app, making it difficult or impossible to link outside the app so services can process payments via alternative means. Hargreaves said he can see no good reason Apple would set up its system this way other than to force competitive services into charging higher prices.