Technology giant Apple has come up with competitive penalties before. For example, a few months ago, news from the United Kingdom revealed that the company could pay a fine of almost $1 billion.

The US-based company also faced a hefty fine from France in 2020. The amount of this fine, which is considered a record, is 1.1 billion euros used to be. Now there has been a very significant development in this area and it has been reported that the tech giant’s penalty has been reduced.

Apple fine reduced to 372 million euros

An appeals court in France has decided to reduce Apple’s €1.1 billion fine. In the news reported by Reuters and Bloomberg, the phrase 372 million euros, less 728 million euros was listed as. The court went for a 66% cut and described the original fine as “disproportionate” and said the new fine was enough to deter the company from misconduct.

An Apple spokesperson also told Reuters in a statement that the decision was completely reversed more than a decade ago as it relates to applications and that the company that they think they should pay nothing stated: “Although the court correctly amended part of the decision of the French Competition Authority, we believe that the decision should be quashed and appealed. The decision concerns practices from more than ten years ago, which are now recognized as out of use even by the French authorities.”

What happened?

The decision was made by the French competition authority in 2020. The competition authority, which it said began investigations in 2012, accused Apple of manipulating the retail market for its products. ‘Does not comply with competition rules It was stated that the said company prevented some retailers from lowering the prices of their products. In addition, the tech giant has also been accused of limiting the number of iPads it gives to some retailers compared to its own stores.