Apple's 2020 antitrust fine, approved by the French Watchdog, has been slashed to EUR 372 million

Apple's 2020 antitrust fine, approved by the French Watchdog, has been slashed to EUR 372 million ...

According to two sources, a French court on Thursday lowered a fine against Apple for allegedly violating competitive behavior to EUR 372 million (nearly Rs. 3,000 crore) from EUR 1.1 billion previously.

In 2020, France''s antitrust regulator imposed the original fine for what it described as Apple''s anti-competitive behavior in its distribution and retail business.

At the time, it was the greatest fine required by the antitrust regulator, which claimed that Apple imposed retail premium resellers on the basis that the prices were consistent with those charged by the California firm in its own shops or on the internet.

According to two sources, the appeals court supported the antitrust watchdog''s claim that Apple violated the retailers'' economic dependance on the company but dismissed the fixed-pricing charge.

The same source claims that it reduced the time in which the charge of an alleged restrictions on the wholesalers'' clientele was brought.

According to a source, the court has decided to significantly lower the rate applied to the calculation of the overall fine.

Given Apple''s scale and financial power, the French antitrust authority had used a steady rate in 2020.

Apple has stated that it will appeal the decision. It did not mention the amount of the fine that is imposed by the court.

"While the court correctly reversed a part of the French Competition Authority''s decision, we believe it should be overturned in full capacity and intend to appeal," the US company said in a statement.

"The decision relates to practices from more than a decade ago that even the (French authority) recognised are no longer in use."

A spokesperson for the appeals court has refused to disclose the exact meaning of the decision, but has confirmed that the court has "partially confirmed" the antitrust watchdog''s decision.

2022 Thomson Reuters