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Apple Get A 2/3 Cut On A 372 Million Euro Fine From The French Antitrust Law!!!

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Apple Updates: In the news about latest technology news updates on, For what it deemed to be Apple’s anti-competitive behaviour toward its distribution and retail network, France’s antitrust watchdog had levied the first penalties in 2020.

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According to two sources with knowledge of the situation, a French court on Thursday significantly reduced the fine against iPhone maker Apple Inc for alleged anti-competitive behaviour from 1.1 billion euros to 372 million euros ($366.31 million).

For what it deemed to be Apple’s anti-competitive behaviour toward its distribution and retail network, France’s antitrust watchdog had levied the first penalties in 2020.

At the time, it was the largest fine the antitrust regulator had ever imposed. The regulator claimed that Apple had set prices on retail premium resellers to ensure that they were comparable to those imposed by the California company in its own stores or online.

One of the two sources claimed that the appeals court upheld the antitrust watchdog’s claim that Apple had abused the merchants’ financial dependence on it but dismissed the fixed-price claim.

According to the same source, it also decreased the length of time covered by the allegation of a purported restriction of the wholesalers’ customer. The source further stated that the court made the decision to considerably reduce the rate used to determine the total fine.

Given Apple’s size and financial clout, the French antitrust authority used a high rate in 2020, the person claimed. The source further stated that the court made the decision to considerably reduce the rate used to determine the total fine. Given Apple’s size and financial clout, the French antitrust authority used a high rate in 2020, the person claimed.

APPLE DECLARED THAT IT WOULD CONTEST THE RULING.

The amount of the fine imposed by the court was not mentioned. The U.S. company said in a statement provided to Reuters that it intended to appeal even though the court properly invalidated a portion of the French Competition Authority’s ruling.

The decision refers to procedures that were abandoned more than ten years ago, as acknowledged by the French authority.

Although the court “largely confirmed” the antitrust watchdog’s decision, an appeals court representative declined to comment on the specifics of the ruling.

Here is the complete updates on latest technology news updates on, Apple Gets A 2/3 Cut On A 372 Million Euro Fine From The French Antitrust Law. Please stay connected with us to know more about latest technology news updates. Follow Premiere Next website to know more about latest world news updates without wait.

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Sambhrama S
Sambhrama Shttps://premierenext.com/
My name is Sambhrama S, from Shimoga, Karnataka. I'm studying in MSC Biochemistry at Mysore University Mysore. I am interested in reading books, listening music, painting. I am also passionate to write good content on various day to day issues.
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