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AAPL Apple Inc

169.60
-0.29 (-0.17%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apple Inc NASDAQ:AAPL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.29 -0.17% 169.60 169.00 171.01 171.34 169.18 169.88 44,849,856 05:00:00

French Competition Authority Fines Apple EUR1.1 Billion

16/03/2020 11:00am

Dow Jones News


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By Mauro Orru

 

The French Competition Authority said Monday that it has imposed a fine of 1.1 billion euros ($1.22 billion) on Apple Inc. for anticompetitive practices in its distribution network and the "abuse of economic dependence" of its independent resellers.

The authority also said it fined its wholesalers Tech Data Corp and Ingram Micro EUR62.9 millions and EUR76.1 millions respectively in connection with anticompetitive practices in the distribution network.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

March 16, 2020 06:45 ET (10:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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