French regulators fined Apple 1.1 billion euros ($1.2 billion) on Monday for striking deals to keep prices high, in the biggest-ever such sanction by France's Competition Authority.
The agency said Apple and top re-sellers agreed to align prices with Apple's own pricing for its iPads and some other products.
The deals did not concern iPhones. Apple did not immediately respond to request for comment. Two "premium" French Apple re-sellers, Tech Data and Ingram Micro, were also fined a total of 139 million euros ($155 million).
The competition authority said Apple and the re-sellers agreed not to compete. "Apple abusively exploited" distributors' dependence on the tech giant, the authority wrote, and "prevented competition among different
Read more on billboard.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.