Apple have been ordered to pay a €1.2 billion fine by the French Competition Authority for anti-competitive behaviour.
This is the largest fine that the French Competition Authority has ever levied.
Apple and two of its wholesalers ‘Tech Data’ and ‘Ingram Micro’ received fines of €76.1 million and €62.9 million respectively for agreeing on prices as well as agreeing to not compete with each other.
Apple were accused of preventing premium resellers from competing with each other by restricting them from lowering their prices which created identical pricing across almost half of Apple’s retail market.
Apple plans to appeal the ruling and stated that “it relates to practices from over a decade ago and discards thirty years of legal precedent that all companies in France rely on with an order that will cause chaos for companies across all industries”.