Apple antitrust fine cut by 2/3 after appeal
A French antitrust watchdog levied a $1.22 billion fine against Apple in 2020, but an appeals court has reduced the fine to $366 million after tossing a charge.
According to a report from Reuters, Apple successfully appealed the fine and the charges, to an extent. The appeals court backed the antitrust watchdog’s charge that Apple abused retailers’ economic dependency but tossed the fixed-pricing charge.
“While the court correctly reversed part of the French Competition Authority’s decision, we believe it should be overturned in full and plan to appeal,” Apple said in a statement. “The decision relates to practices from more than a decade ago that even the (French authority) recognized are no longer in use.”
