Apple manages to slash French antitrust fine by two-thirds.

In 2020, Apple was hit with a hefty €1.1 billion fine in France for antitrust practices involving two wholesalers. However, the Paris court of appeals has now reduced the penalty to €371.6 million, considering the original amount “disproportionate.” Apple, along with distributors Ingram Micro and Tech Data, were accused of stifling competition in the wholesale market for Apple products, resulting in higher prices for consumers. Apple has expressed discontent with the ruling and intends to appeal again to get rid of the fine completely. This ongoing dispute between France, the EU, and tech giants underscores the importance of upholding fair competition in the market.