France’s antitrust authority fined Apple a record-high €1.1 billion ($1.2 billion) Monday, ruling that the U.S.-based tech giant had entered into cartel-like agreements with two wholesalers and abused its market position and economic power to impose higher prices to resellers.
The two wholesalers, Tech Data and Ingram Micro, were fined €76.1 million ($84.9 million) and €62.9 million ($70.2 million), respectively, bringing the total fines to €1.24 billion, also a record high, according to a statement from the Autorité de la Concurrence.
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