BUSINESS France slaps Apple with record 1.1 bn euro fine

BUSINESS

France slaps Apple with record 1.1 bn euro fine

AFP

18:19, March 16, 2020

France's competition authority slapped a record 1.1 billion euro ($1.2 billion) fine on US tech giant Apple for anti-competitive behaviour towards its retail distributors.

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Two cleaners are seen inside the Apple Store in Regents Street in central London on March 15, 2020, as a notice on the window explains the reasons for the shop's temporary closure. (Photo: AFP)

The authority said it found that Apple acted to prevent independent retailers in France from competing on price and abused its economic power over them.

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