France's competition watchdog fined Apple $1.23 billion (£1 billion) for forcing retailers to match the prices in the tech giant's own shops. France's competition watchdog fined Apple $1.23 billion (£1 billion) for forcing retailers to match the prices in the tech giant's own shops (stock image)Watchdogs have been delving into the firms' powerful market position, the tax they pay and how they protect consumers' privacy. The two wholesalers, Tech Data and Ingram Micro, were also fined 76 million (£68.6 million) and 63 million euros (£56.9 million) respectively. 'The French competition authority´s decision is disheartening,' Apple said in a statement announcing it planned to appeal. Since her nomination as the head of the French competition authority in 2016, Isabelle de Silva has set her sights on U.S. tech companies.

Source: Daily Mail March 16, 2020 15:23 UTC