Apple hit with record €1.1bn fine in France

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France’s pageant authority has imposed a record €1.1bn (£1bn; $1.2bn) fine on US tech massive Apple for what it sees as anti-competitive practices.

It is the largest fine ever imposed by means of the French regulator.

The company and two of its wholesalers in France had been discovered to have an unfair settlement to keep an eye on costs.

The investigation started in 2012, following a criticism by means of eBizcuss, which sells Apple merchandise as an Apple Premium Reseller.

The authority’s leader Isabelle de Silva mentioned “Apple abusively exploited the economic dependence of these premium resellers on it and imposed unfair economic conditions on them that were worse than those for its integrated network of retailers”.

Apple says it profoundly disagrees with the ruling and is interesting in opposition to it.