Apple’s record fine of € 1.1 billion


France’s National Competition Authority announced Monday that it would impose a massive fine on US technology giant Apple of € 1.1 billion ($ 1.23 billion) for anticompetitive practices.

The decision is based on an almost ten-year investigation and was made due to Apple’s anti-competitive behavior in distribution and sales networks.

Authorities said the two wholesale companies Apple-Tech Data and Ingram Micro, through which sales were made, were fined € 63 million and € 76 million, respectively, for illegal price negotiation.

According to a report by the French competition control service, “Apple and its two wholesale distributors have agreed not to compete with each other and to prevent competition between the other distributors, thereby sterilizing the wholesale market for Apple products.”