Apple fined € 1.1 billion

The French antitrust authority has fined € 1.1 billion for Apple for abusing economic superiority over third-party sellers of the company. Isabelle de Silva, head of the agency, said, “Apple and its two wholesalers have agreed not to compete and prevent distributors from competing. among themselves, thereby sterilizing the wholesale market for Apple products. ”
Antitrust officials found that Apple effectively prevented other sellers from lowering the price of their products, resulting in these products being sold at the same price as Apple’s own sales channel. Moreover, it turned out that Apple created “unfair and unfavorable commercial conditions” for these premium intermediaries, while in its own channel it showed a more favorable attitude. The abovementioned Apple wholesalers – Tech Data and Ingram Micro – received fines of 76.1 million euros and 62.9 million euros respectively. According to an Apple spokesman, “the decision of the French antitrust authority is discouraging.” The company plans to file an appeal.

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