France to Fine Apple for Anti-Competitive Behavior

After nearly a decade of investigations, France's "Autorité de la Concurrence" anti-monopoly agency is finally ready to levy a fine upon Apple (NASDAQ: AAPL) on Monday, reported Politico Europe last night.

Eight years ago, in April 2012, Apple reseller eBizcuss.com (now defunct) filed a complaint against Apple alleging that the company was abusing its market power by placing illegal restrictions in its contracts for distribution and sales of Apple products and services, favoring certain wholesalers over others. This complaint prompted "dawn raids" on Apple offices in 2013, the legality of which Apple contested, unsuccessfully, in a court decision handed down in 2018.

French antimonopoly regulator could take a bite out of Apple. Image source: Getty Images.

Continue reading

Source Fool.com