France fines Apple $1.2 billion for anti-competitive acts

French regulators have fined Apple $1.2 billion for striking deals to keep prices high

The agency said Apple and top re-sellers agreed to align prices with Apple’s own pricing for its iPads and some other products. The deals did not concern iPhones.

Calling the fine “disheartening,” Apple defended its operations in a statement saying its “investment and innovation supports over 240,000 jobs across the country.”

Two “premium” French Apple re-sellers, Tech Data and Ingram Micro, were also fined a total of 139 million euros ($155 million). The competition authority said Apple and the re-sellers agreed not to compete.

“Apple abusively exploited" distributors’ dependence on the tech giant, the authority wrote, and “prevented competition among different Apple distribution channels.” And that, in turn, hurt consumers.