16 March 2020
Apple is currently facing a fine of up to $1.2 billion from the French antitrust authorities.
On Monday the tech giant was ordered to pay the enormous amount for engaging in anti-competitive behaviour in France.
According to a report from CNBC, ‘The French competition authority said the iPhone-maker was guilty of creating cartels within its distribution network and abusing the economic dependence of its outside resellers.’
In a statement concerning Apple’s latest fine the President of the French Competition Authority, Isabelle de Silva, shared that, “Apple and its two wholesalers agreed not to compete and prevent distributors from competing with each other, thereby sterilizing the wholesale market for Apple products.”
The two wholesalers being referred to are Ingram Micro and Tech Data and both have also been fined by the French Competition Authority.
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