Authorities blow Apple with €1.1bn fine
THE French authorities on Monday, has fined Tech giant Apple of 1.1 billion Euros (1.2 billion dollars) for making anti-competitive agreements with two firms in its distribution network, Voiceairmedia reports.
However, Apple was fined the sum of 1.1 billion Euros for comprised agreement by two firms.
“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.
The products involved included iPads, but not iPhones.
Also, Austrians hoard cash as country shuts down to weather the coronavirus.
The ruling said that Apple had abused the economic dependence of its “premium” resellers on Apple.
According to Report, the ruling originates in a complaint by Apple trader eBizcuss in 2012.
Apple did not react immediately to the announcement, however, had previously rejected the accusations.
However, Apple was fined the sum of 1.1 billion Euros for comprised agreement by two firms.
“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.
The products involved included iPads, but not iPhones.
Also, Austrians hoard cash as country shuts down to weather the coronavirus.
The ruling said that Apple had abused the economic dependence of its “premium” resellers on Apple.
According to Report, the ruling originates in a complaint by Apple trader eBizcuss in 2012.
Apple did not react immediately to the announcement, however, had previously rejected the accusations.
No comments
After Dropping your comment, Wait for few minutes, your comments will appear below!!!