Apple has been fined a record Euros 1.1billion by antitrust regulators in France for engaging in anti-competitive agreements with two wholesalers. The penalty imposed on the US tech giant is the largest ever handed out to a company by the Autorité de la Concurrence. The watchdog said Apple had conspired with the two wholesalers, Tech Data and Ingram Micro, and behaved in such a way that aligned prices and limited wholesale competition for Apple products such as Apple Mac computers and iPads.  The other two French companies were also fined. Tech Data was handed a Euro 76 million penalty and Ingram Micro was ordered to pay Euro 63 million.

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