Apple Gets Hit With $1.2 Billion Fine

As antitrust scrutiny of major tech corporations intensifies around the world, Apple (NASDAQ: AAPL) has just been hit with a record fine of 1.1 billion euros ($1.2 billion) by the French Competition Authority over allegations of anticompetitive conduct. Regulators also imposed fines of 76.1 million euros ($84.9 million) and 63 million euros ($70.2 million) on distributors Tech Data (NASDAQ: TECD) and Ingram Micro, respectively.

Here's what investors need to know.

Apple Champs Elysees. Image source: Apple.

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Source Fool.com