Apple fined US$1.2bil over French sale restrictions


The Apple fine is the latest crackdown on US tech giants by the French watchdog. — Reuters

Apple Inc was fined a record €1.1bil (RM5.3bil) by French antitrust regulators for anti-competitive agreements with suppliers that thwarted independent resellers.

The French competition authority also fined two of Apple’s wholesalers – Tech Data and Ingram Micro – €76.1mil (RM365.8mil) and €63mil (RM302.8mil) for taking part in the sales curbs. The case focuses on the distribution of all Apple products except iPhones.

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