French court lowers antitrust fine against Apple to €372-million, sources say

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French court lowers antitrust fine against Apple to €372-million, sources say
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A French appeals court backed the antitrust watchdog’s charge that Apple abused the retailers’ economic dependency on the company but tossed the fixed-pricing charge, one of the two sources said

for alleged anti-competitive behaviour to €372-million from €1.1-billion previously, two sources with knowledge of the matter told Reuters.

The appeals court backed the antitrust watchdog’s charge that Apple abused the retailers’ economic dependency on the company but tossed the fixed-pricing charge, one of the two sources said. The French antitrust authority had used a high rate in 2020 given the size and financial firepower of Apple, the source said.

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