- Apple was just fined 1.1 billion euros by France’s antitrust body for what has been deemed anti-competitive behavior.
- The fine is related to Apple’s practices within its distribution network.
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Like any other massive technology company, Apple has received its share of scrutiny over the years by antitrust bodies claiming the consumer electronics giant engages in anti-competitive behavior. On Monday, Apple was slapped with a massive fine of 1.1 billion euros, or roughly $1.23 billion. The fine comes from France’s L’Autorité de la concurrence, which alleges that Apple engaged in three main anti-competitive practices along with two of its wholesale partners that intentionally prevented competition in the marketplace. “Apple and its two wholesalers have agreed not to compete with each other and to prevent distributors from competing with each other, thereby sterilizing the wholesale market for Apple products,” the French authority said.
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Apple fined 1.1 billion euros in France for anti-competitive behavior originally appeared on BGR.com on Mon, 16 Mar 2020 at 07:15:18 EDT. Please see our terms for use of feeds.
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