Apple found guilty of market tampering in France, hit with a $1.2B fine

The Autorite de la Concurrence, the competition watchdog of France, has fined Apple $1.2 billion for stopping its distributors Tech Data and Ingram Micro to lower their prices. The verdict is following a complaint filed back in 2012, when a reseller launched a complaint that its wholesalers were teaming with Apple and not competing with each other. The authority stated that Apple was treating unfairly its partners and was limiting their supply, including iPads, compared to its own stores. This, along with the lack of competition, lead to identical pricing across almost half of the...