France Fines Apple €1.1B For Breaching Antitrust Rules
Law360, London (March 16, 2020, 12:52 PM GMT) -- France’s antitrust regulator slapped Apple with a record €1.1 billion ($1.21 billion) fine Monday for conspiring with distributors of iPads and other products to fix prices and restrict competition.
Apple was hit with a record fine for conspiring with distributors on pricing of iPads and other devices. (AP)
The French Competition Authority also fined two of Apple Inc.’s wholesalers, Tech Data and Ingram Micro, €76.1 million and €62.9 million respectively for unlawfully taking part in a cartel with the technology giant. The arrangement involved a number of Apple products and services, but not iPhones.
“Apple and its two wholesalers agreed not to...
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