Apple wins appeal to slash its $1.2 billion French antitrust fine by two-thirds

In 2020, Apple was hit with a record €1.1 billion fine ($1.2 billion at the time) in France over antitrust practices with two wholesalers. Now, the Paris court of appeals has reduced the penalty by two thirds to just €371.6 million ($364.6 million today), Reuters has reported. The court ruled that the original fine was "disproportionate," and reduced it to an amount "sufficient to guarantee that the penalties are repressive and dissuasive."