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Apple fined $1.2 billion by French antitrust regulators over anti-competitive supplier deals

March 16, 2020

Via: Fortune

Apple Inc. was fined a record 1.1 billion euros ($1.2 billion) by French antitrust regulators for anti-competitive agreements with suppliers that thwarted independent resellers.

The French competition authority also fined two of Apple’s wholesalers — Tech Data and Ingram Micro — 76.1 million euros and 63 million euros for taking part in the sales curbs. The case focuses on the distribution of all Apple products except iPhones.

“Apple and its two wholesalers agreed to not compete against each other and prevent resellers from promoting competition between each other, thus sterilizing the wholesale market for Apple products,” Isabelle de Silva, head of the French agency, said in a statement on Monday.

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