Apple Inc was on Monday slammed with a fine of €1.1 billion Euros (1.2 billion dollars) by French authorities, for making anti-competitive agreements with two firms in its distribution network.
The authorities said Apple had abused the economic dependence of its premium resellers. The products involved iPads but not iPhones.
Reports have it that the ruling is in response to a complaint by an Apple trader, eBizcuss, in 2012.
“The two firms, Tech Data and Ingram Micro, were hit respectively with fines of 76.1 million Euros and 62.9 million Euros,’’ the French competition authority announced.
Apple did not react immediately to the announcement but had previously rejected the accusations.
![[FULL LIST] See Those Who Made 2018’s List Of 100 Most Influential Young Africans](https://datjoblessboi.com/wp-content/uploads/2018/09/Most-Influential-Young-Africans-2018-1.jpeg)
Nigerian artistes Davido, FalzTheBahdGuy and some other influential Nigerians have been listed on the 2018 100 Most Influential Young...
Just Like Richard Branson, Jeff Bezos Is Set To Fly Into Space Just over a week after Richard Branson...
Alphabet GOOGL Inc’s Google said Tuesday that it plans to work with China’s Huawei over the next 90 days,...