The Competition Agency of France, L’Autorité de la concurrence, has fined Apple with a massive amount of 1.1 billion Euros (~1.23 billion). The report came from the official website of the authorities. It stated that the Cupertino-based tech giant will have to pay the fine because of fixing prices of some of their products and preventing competition between two of its retailers in the French market.
Now, eBizcuss went out of business in 2012 as Apple limited the supplies compared to its official stores. According to the Agency, this limitation of supplies resulted in pricing competition for half of the retail market for Apple products in the country. Also, the Agency discovered that Apple limited supplies to the retailers during heavy demand, like in times of new product launch, to lure customers to its own official stores.
