The logo of U.S. technology company Apple is seen at a branch office in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann

PARIS (Reuters) – 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

Reporting by Mathieu Rosemain, Editing by Dominique Vidalon



READ SOURCE

READ  Cheap Samsung Galaxy A21s has the one thing the iPhone SE is missing - Tom's Guide

LEAVE A REPLY

Please enter your comment!
Please enter your name here