The Speaker
Friday, 14 June 2024 – 07:32

Apple issued record fine by French anti-trust regulator

The French Competition Authority has fined tech giant Apple € 1.1 billion for breaking competition rules.

The fine is the largest-ever penalty issued by the regulator. In 2015, the antitrust regulator issued a fine of €350 million to telecoms operator Orange.

The Autorité de la concurrence watchdog said that Apple had entered into illegal competition-killing agreements with wholesale distributors Tech Data and Ingram. The distributors have also been sanctioned and were fined € 76.1 million and € 62.9 million respectively.

According to French authorities, Apple and two of its wholesalers agreed not to compete with each other. Apple is also accused of stopping premium resellers from being able to lower their prices, and treating some premium resellers unfairly by limiting supply.

The probe was launched in 2012 following a complaint from the former premium reseller Apple has described the decision by the French authority as ‘disheartening’ and plans to appeal the ruling.

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