France slaps Apple with €1.1bn anti-competition fine

France’s anti competition authority has issued its biggest ever fine to the US smartphone manufacturer
APPLE, Smartphones, France, US, Tech
AFPGetty Images

Share

The French Competition Authority has fined US tech giant, Apple, €1.1 billion ($1.2 billion) for using anti-competitive practices in the country.

The FCA accused Apple of forcing its wholesale retailers to charge the same amount for its products as would be charged in its own retail outlets.

Isabelle de Silva, the president of the French Competition Authority, said that "Apple abusively exploited the economic dependence of these premium resellers on it and imposed unfair economic conditions on them that were worse than those for its integrated network of retailers”.

Apple has said that it will appeal against the ruling which is the biggest fine ever to be handed out by the French Competition Authority.

“The French Competition Authority’s decision is disheartening,” Mr. Rosenstock said. “It relates to practices from over a decade ago and discards 30 years of legal precedent that all companies in France rely on with an order that will cause chaos for companies across all industries,” said Josh Rosenstock, a spokesman for Apple.

The fine comes at a time when Apple is already battling against enormous financial challenges as well as disruption to its supply chains, as a result of the current Coronavirus epidemic.

Despite a torrid 2019, which saw Apple relinquish a large share of its market share to Chinese competitors, sales of its flagship iPhone smartphone rallied in the fourth quarter of the year.

A new industry report, published by Gartner, shows that Apple pushed out 69.5 million iPhones in Q4 2019, increasing its market share for the quarter to 17.1 per cent, up from 15.8 per cent on a year on year basis.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story