In announcing its largest ever fine against an economic player, France's L’Autorité de la concurrence also levied fines of $84.7 million and $69 million against Apple premium resellers Tech Data and Ingram Micro for their roles in the anti-competitive practices.
Two of Apple's wholesalers, Tech Data and Ingram Micro, were fined 63 million euros and 76 million euros respectively, for unlawfully agreeing on prices, the authority said.Apple in its October earnings call said that France's competition authority had alleged that some aspects of its sales and distribution practices were in violation of French law, but did not provide details on which aspects of its business were under investigation.
"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," it said.
Apple earlier this year was fined 25 million euros by French consumer fraud group DGCCRF for intentionally slowing down iPhone 6, iPhone SE, and iPhone 7 models with the power management software that was meant to prevent older iPhones with degraded batteries from shutting down during times of peak power usage.
Tag: France
This article, "French Regulators Fine Apple $1.2 Billion for Anti-Competitive Behavior" first appeared on MacRumors.com
Discuss this article in our forums
from MacRumors: Mac News and Rumors - All Stories https://ift.tt/33tkNT6
No comments:
Post a Comment