France fines Apple Inc €1.1 billion Euros

France fines Apple Inc €1.1 billion Euros

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.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Idbragga

All author posts
Related Posts
BOOTCAMP
BOOTCAMP

BE A CERTIFIED DIGITAL MARKETING PROFFESSIONAL FOR FREE!!! Register for the Certified Digital Marketing Professional BootCamp. Training Overview: ◾Social...

Babalola Idowu set to host Goal Getters with Datjoblessboi
Babalola Idowu set to host Goal Getters with ...

Join the biggest network of “WHO IS WHO” in the global society. DATJOBLESSBOI TV (DJBTV) presents “GOAL GETTERS WITH...

9 Tips on how to pack for a flight / Travel
9 Tips on how to pack for a flight / Travel

Packing can be more stressful than travel sometimes. I often used to get lost and frustrated while packing. Now,...

Write A Comments