advertisement

France fines Apple $1.2 billion for anti-competitive acts

PARIS (AP) - 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.

Calling the fine 'œdisheartening,'ť Apple defended its operations in a statement saying its 'œinvestment and innovation supports over 240,000 jobs across the country.'ť

Apple added that: 'œIt relates to practices from over a decade ago and discards thirty years of legal precedent that all companies in France rely on with an order that will cause chaos for companies across all industries.'ť

Two 'œpremium'ť 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.

'œApple abusively exploited" distributors' dependence on the tech giant, the authority wrote, and 'œprevented competition among different Apple distribution channels.'ť And that, in turn, hurt consumers.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.