Coronavirus

Apple Fined $1.2 Billion by France for Anti-Competitive Deals

Apple
Edward Berthelot/Getty Images

General view of a closed Apple Store in the 9th quarter of Paris, on March 15, 2020 in Paris, France.

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 Apple distribution channels." And that, in turn, hurt consumers.


THE BILLBOARD BIZ
SUBSCRIBER EXPERIENCE

The Biz premium subscriber content has moved to Billboard.com/business.


To simplify subscriber access, we have temporarily disabled the password requirement.