Apple got a €728 million reduction in the landmark €1.1 billion fine the company received in 2020 on charges of entering into anti-competitive agreements with two distributors, in France.
According to the Reuters news agency, the Paris appeals court has agreed to reduce Apple's total fine to €371.6 million. The antitrust agency, the Competition Authority (CA), has indicated that it is considering appealing the ruling to France's Supreme Court.
The original fine was imposed by the French antitrust agency in 2020 for anticompetitive behavior by Apple towards its distribution and retail network.
At the time, it was the largest fine imposed by the antitrust regulator. The French agency did not only fine Apple. Some of its business partners such as Apple Tech Data and Ingram Micro were also fined €76 million and €63 million respectively, for price fixing that is contrary to French competition law.
Last year, at a hearing in the appeal case, Apple accused French regulators of twisting antitrust rules "for political objectives."
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