France's competition watchdog on Monday fined iPhone maker Apple 1.1 billio...
The logo of U.S. technology company Apple is seen at a branch office in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann
PARIS - France’s competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros for anti-competitive behaviour in its distribution network and an abuse of economic dependence on its resellers. Two of Apple’s wholesalers, Tech Data and Ingram Micro, were fined 63 million euros and 76 million euros respectiely, for unlawfully agreeing on prices, the authority said.
“Apple and its two wholesalers have agreed not to compete with each other and to prevent distributors from competing with each other, thereby sterilising the wholesale market for Apple products,” it said
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Fined $1.2 Billion By French Competition WatchdogThe iPhone maker was fined on Monday over anti-competitive behaviour in its distribution network.
Read more »
Cannes Denies French Report on Festival CancellationThe Cannes Film Festival has reiterated there are no plans to cancel the upcoming edition of the festival following the publication of a French report Saturday. In a statement, festival director Th…
Read more »
Cannes Denies French Media Reports It Will Cancel FestivalWeekly news magazine Le Point quotes film festival board member saying it would be 'very difficult if not impossible' for the festival to go ahead amid the coronavirus shutdown.
Read more »
French finance minister says no shortages of essential goodsFrance's Finance Minister Bruno Le Maire said on Sunday there was no shorta...
Read more »
Modern Family's Star French Bulldog Dies After Filming Series Finale: ReportThe Frenchie played the beloved dog of Ed O'Neill's character Jay Pritchett on the ABC series
Read more »
Coronavirus: Air Tahiti Nui and French bee flights avoid entering US - Business InsiderFrench airlines are taking extreme measures to avoid the US at all costs on their routes to the South Pacific after Trump's travel ban, including the world's longest non-stop flight from Tahiti to Paris
Read more »