France's antitrust watchdog just fined Apple $1.2 billion for anti-competitive behaviour

Credit: Business Insider- Published on March 16, 2020
· 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 anti-competitive behavior in its distribution network, and abused economic dependence on its resellers.
· Two Apple resellers were also given multi-million dollar fines.
· Visit...

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.

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