France fines Apple $1.2 billion for antitrust violations

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France fines Apple $1.2 billion for antitrust violations
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Just as Apple is forced to close retail stores around the world because of the coronavirus pandemic, it has been hit by a $1 billion blow to its finances. That's the biggest antitrust fine the French Competition Authority has ever levied.

London Just as Apple is forced to close retail stores around the world because of the coronavirus pandemic, it has been hit by a $1 billion blow to its finances.

The French Competition Authority announced on Monday it is fining Apple €1.1 billion over restrictions it placed in contracts with wholesalers. That's the biggest antitrust fine the French authority has ever levied.

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