appmarsh

Monday, 16 March 2020

France Hits Apple With a Record-Setting $1.2 Billion Fine

France’s antitrust watchdog is not an Apple fan. Today, it fined the Cupertino giant 1.1 billion euros ($1.2 billion), along with two wholesale partners, for violations regarding its efforts to restrict the wholesale market and abusing the economic dependence of resellers.

France Fines Apple $1.24 Billion for Anti-Competitive Behavior

France's antitrust regulator, the Autorité de la Concurrence, has fined Apple €1,1 billion for anti-competitive behavior towards its distributers and retailers. Wholesalers Tech Data and Ingram Micro were also fined €76,1 million and €62,9 million, respectively, for participating in the cartel.

After receiving a complaint in 2012 from eBizcuss, a distributor of specialised high-end Apple products (Apple Premium Reseller, APR), the Autorité de la concurrence fined Apple €1,1 billion, as well as wholesalers Tech Data and Ingram Micro €76,1 million and €62,9 million respectively. This decision to impose fines follows dawn raids carried out at the headquarters of Apple and its wholesalers, the litigation for which ended in December 2017.

In total, the fines amount to €1,24 billion and can be broken down as follows:
● Apple : 1 101 969 952 €
● Tech Data : 76 107 989 €
● Ingram Micro : 62 972 668 €
TOTAL : 1 241 050 609 €

Share Article:
Facebook, Twitter, LinkedIn, Email, Reddit, Digg, Delicious, StumbleUpon

Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube

from iClarified - Apple News and Tutorials https://ift.tt/2QkXVj6

Unreleased iPad Filed in Eurasian Database

Apple today filed an unreleased iPad model A2229 in the Eurasian Economic Commission database, as confirmed by MacRumors. The tablet is listed as running iPadOS 13, but it is unclear if it is an iPad, iPad Pro, or iPad mini.

Apple analyst Ming-Chi Kuo has previously forecasted that Apple will launch refreshed iPad Pro models with a triple-lens rear camera system and 3D sensing for augmented reality in the first half of 2020, although it is unclear if the COVID-19 pandemic has changed that plan. Kuo also expects new iPad mini and 10.2-inch iPad models with Mini-LED backlit displays to be released by the end of 2021.

More details to follow…
This article, "Unreleased iPad Filed in Eurasian Database" first appeared on MacRumors.com

Discuss this article in our forums

from MacRumors: Mac News and Rumors - All Stories https://ift.tt/2vZOLln

Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic

Apple's stock opened at $241.31 today and is currently locked at $243.34 as stock market trading has been automatically suspended for 15 minutes due an over seven percent decline in the S&P 500.

Apple's stock price has now plunged over 25 percent in just over one month after reaching a closing price of $327.20 on February 12.

BREAKING: All U.S. stocks halted as S&P 500 plunges 7% https://t.co/SW5sJS1gxf pic.twitter.com/wKDDBUvl1c
— CNBC Now (@CNBCnow) March 16, 2020

More details to follow…

Tag: AAPL

This article, "Apple's Stock Has Plunged 25% in Just Over One Month Amid Coronavirus Pandemic" first appeared on MacRumors.com

Discuss this article in our forums

from MacRumors: Mac News and Rumors - All Stories https://ift.tt/3b3Ujd9

Apple Officially Unveils Its New Powerbeats Wireless Earphones

Apple has officially unveiled its new fourth generation Powerbeats wireless earphones. The new earphones feature the company's H1 chip for hands-free 'Hey Siri', 15 hours of battery life, and a new lower price.

Powerbeats matches the sleek design and advanced engineering of Powerbeats Pro, with the same powerful sound and reinforced sweat and water resistance. Seamlessly go from working out — to hanging out. Just leave them around your neck until you’re ready to listen again. With a streamlined, round cable engineered to minimize friction, and secure-fit earhooks for added stability, these earphones feel light and comfortable even after hours of wear.

Share Article:
Facebook, Twitter, LinkedIn, Email, Reddit, Digg, Delicious, StumbleUpon

Follow iClarified:
Facebook, Twitter, LinkedIn, Newsletter, App Store, YouTube

from iClarified - Apple News and Tutorials https://ift.tt/2INJ5NR