France hits Apple with a $1.23 billion anti-competitive fine

Credit: Mashable- Published on March 16, 2020
The French Competition Authority has ordered Apple to pay a €1.1 billion ($1.23 billion) fine, for colluding with its distributors and abusing the economic dependence of its independent resellers. 

France's competition watchdog also fined two wholesalers, Tech Data and Ingram Micro, for €76.1 million ($85 million) and...

Video credit: Wibbitz - Bang Entertainment
Published on March 19, 2020 -  00:46
Apple fined by France's competition authority
Apple fined by France's competition authority The eye-watering fine is, in fact, the biggest fine ever imposed by the French regulator, and has been issued after the technology giant and two of its wholesalers in the country were revealed to have an unfair agreement to control prices. Isabelle de Silva, the chief of the French regulator, said: However, Apple says it strongly disagrees with the decision and has signalled its intention to appeal the fine. Meanwhile, Apple recently announced it's banning apps relating to coronavirus on the App Store.

You are here

Related videos from verified sources

French Agency Hits Apple with Record $1.2B Fine Over Anti-Competition Practices 00:50
Credit: Veuer - Published on March 16, 2020 

Related news from verified sources

Apple has been hit with a record-breaking fine for antitrust practices. French competition authority Autorité de la Concurrence has found Apple and its...
on March 16, 2020 • engadget

· Apple on Monday got slapped with a 1.1 billion euro ($1.2 billion) fine from France's antitrust watchdog. · The watchdog said Apple indulged in...
on March 16, 2020 • Business Insider

You might like