Apple Fined Record $1.2 Billion by French Competition Watchdog for Anti-competitive Behavior

Apple has been fined a record 1.1 billion euros ($1.23 billion) by the French competition watchdog for its anti-competitive behavior in its distribution network and abusing the economic dependence of its resellers. Additionally, the competition watchdog fined Tech Data and Ingram Micro, two of Apple’s resellers, 63 million euros and 76 million euros for agreeing on prices.

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