• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, May 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

French Antitrust Authorities Reduced Apple’s Billion-euro Sentence to $366 Million.

by NIsha Jain
October 8, 2022
in News, Tech
Reading Time: 1 min read
0
Apple
TwitterWhatsappLinkedin

According to reports from Reuters and Bloomberg, a French appeals court reduced Apple’s antitrust penalties from €1.1 billion to €372 million (about $366 million), calling the initial penalty “disproportionate” and stating that the revised amount was “adequate” to deter the business from bad behavior.

You might also like

Google Introduces Beam AI for Lifelike 3D Video Transformation

Epic Games’ Fortnite Makes Triumphant Return to Apple’s App Store After Nearly Five-Year Ban

Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

The French competition watchdog Autorité de la Concurrence, which accused Apple of distorting the retail market for its goods, imposed the fine in its original form in 2020.

The authority, which started looking into this in 2012, claimed that Apple had barred some shops from lowering the cost of its products and had agreed not to compete with two of its distributors.

Illustration depicting several Apple logos on a lime green background.
The Verge

Additionally, it claimed that the corporation gave fewer iPads to some retailers than it did to its own stores.

An anonymous Apple representative told Reuters that the company intended to challenge the reduced punishment since “the ruling pertains to activities from more than a decade ago,” and that it shouldn’t be required to pay anything.

Likewise, according to Virginie Guin, a spokesperson for Autorité, Bloomberg writes that the regulator is also thinking of appealing because it wants to “ensure the dissuasive aspect of our penalties, especially when it concerns market actors” of Apple’s scale.

Apple is being sued for antitrust violations not only in France but also in the EU for its App Store restrictions and its unwillingness to allow third-party wallets to accept payments using the iPhone’s NFC technology.

The Department of Justice is reportedly considering filing a case against the tech giant as well. In the US, there are multiple antitrust actions involving Apple that are now pending in the courts, including ones launched by Epic Games and the maker of Cydia.

 

Tags: $366 Million.Antitrust AuthoritiesAppleBillion-eurofrench
Tweet54SendShare15
Previous Post

500 Positions will be Lost at Peloton as Turnaround Efforts Continue.

Next Post

Uber, Ola, and Rapido Services are suspended in Karnataka due to vehicle ride charges

NIsha Jain

Recommended For You

Google Introduces Beam AI for Lifelike 3D Video Transformation

by Sneha Singh
May 22, 2025
0
Google Introduces Beam AI for Lifelike 3D Video Transformation

Google has unveiled the wraps off its latest communication tech at the Google I/O 2025 conference, renaming its test Project Starline "Beam" – an advanced 3D video platform...

Read more

Epic Games’ Fortnite Makes Triumphant Return to Apple’s App Store After Nearly Five-Year Ban

by Anochie Esther
May 22, 2025
0
Fortnite

In a twist that has been long awaited by millions of fans and closely monitored by the tech and gaming industries alike, Fortnite is finally making its comeback...

Read more

Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

by Harikrishnan A
May 22, 2025
0
Paramount Faces Political Firestorm Over Possible Trump Lawsuit Settlement

Three senior U.S. senators are raising red flags over media giant Paramount Global’s ongoing legal entanglement with President Donald Trump, warning that a settlement in his $20 billion...

Read more
Next Post
Ola and Uber Issued Notice by CCPA For Fraudulent Activities

Uber, Ola, and Rapido Services are suspended in Karnataka due to vehicle ride charges

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?