Apple fined $1.2 billion by French regulators

Apple fined $1.2 billion by French regulators
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France’s competition agency, the Autorité de la Concurrence, announced Monday it is fining Apple a record $1.2 billion for artificially keeping prices high.

The regulator claims Apple and two top resellers, which were also each fined between 60 million and 80 million euros, agreed to align prices for products including the iPad.

"In the course of this case, the Autorité untangled the very particular practices that had been implemented by Apple for the distribution of its products in France (excluding Iphones), such as iPad," agency President Isabelle de Silva said in a statement.


The agency claims Apple engaged in three anti-competitive practices.

First, Apple and its two wholesalers — Tech Data and Ingram Micro — allegedly agreed not to compete. Second, the agency claims Apple stopped the "premium" resellers from being able to lower their prices. Third, Apple is accused of treating those resellers unfairly, in some instances limiting their supply.

The Hill has reached out to Apple for comment on the fine.

Apple is facing antitrust investigations in the U.S. as well.

The Federal Trade Commission in August announced it would be investigating an alleged deal between Apple and Amazon that reportedly made it difficult to for third parties to resell Apple hardware on the platform.