Apple fined a record $1.2 billion by French antitrust authorities (CNBC)
French antitrust authorities ordered Apple on Monday to pay a 1.1 billion euro ($1.23 billion) fine for anti-competitive behaviour. The French competition authority said the iPhone-maker was guilty of creating cartels within its distribution network and abusing the economic dependence of its outside resellers. Two of Apple’s wholesalers were also fined for agreeing on prices: Tech Data and Ingram Micro. The French authority said this penalty - totalling 1.24 billion euros - was the largest ever handed down in one case.