A French court on Thursday slashed more than 700 million euros from a record
1.1 billion euro fine imposed on US tech giant
Apple in 2020, sources close to
the case told AFP.
اضافة اعلان
France's competition authority levied the fine -- its biggest ever -- after
concluding that the firm squeezed independent sellers of Apple products as it
tried to push buyers towards its own stores and preferred retailers.
The Paris appeal court revised the decision and knocked 728 million from the
fine, meaning Apple still faces having to pay 370 million euros.
While the competition authority told AFP it was studying the decision and
could appeal, Apple said it would try to have the ruling overturned.
"We consider that the decision should have been annulled in its
entirety and plan to appeal to the French supreme court," the firm told
AFP in a statement.
"The decision concerns practices that go back more than 10 years and
that even the French competition authority has recognised as no longer being in
force."
The initial case was made up of three linked complaints -- one was dismissed
by the court, two were upheld.
Sources close to the case confirmed the amounts and the details of the
decision.
The Paris appeals court told AFP the ruling would be made public on Friday.
Apple has faced years of scrutiny from European regulators, particularly
over a deal with Ireland that saw it pay low rates of corporation tax.
The firm, along with competitor Google, has also been accused of tightly
controlling its app store and taking too big a bite out of revenue brought in
by developers.
Read More Business
Jordan News
.jpg)
.jpg)
