$1.2billion for aapl beating competition?
goes against free market theory
crazy man
goes against free market theory
crazy man
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French Regulators Fine Apple $1.2 Billion for Anti-Competitive Behavior
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Price fixing is bad for all concerned except for those engaged in the fix. You're incorrect about Apple not letting companies charge less than them for their products. That couldn't be further from the truth... especially in the US. You'd be hard pressed not to find lower priced Apple products on the open market. Places like B&H, Adorama, Walmart, Best Buy, Microcenter, Amazon, etc. all sell Apple products at varying discounted prices. Moreover, the discounts on newly released products are starting to show up even quicker than years past.
Anecdotally, I've never purchased Apple products from an Apple store or site because I have always known the products could be purchased cheaper from other retailers. Chances are very good that you have done the same as well.
So can you not do the same in France????? Frankly the explanation from France as to why they were fining Apple is a joke. They essentially just stated what the accusations were. Ok, so how did they prevent distributors from competing with each other. Premium distributors could not risk promoting or lowering prices without risk ???? Yeah, its called capitalism. And, again, another accusation without even one fact to support it......Apple has abused the economic dependence of these Premium distributors on it, by subjecting them to unfair and unfavorable commercial conditions compared to its network of integrated distributors......yeah, I know what your accusing them of. How did they manage to accomplish this?????
Your coming out with a BILLION DOLLAR fine, you cant just regurgitate your accusations.
I suppose interest begins to run until the judgment is paid or Apple wins an appeal. The interest alone could be huge if Apple loses the appeal. I wonder if they can deposit the money now and avoid potential additional damages. (Receiving a refund if the appeal is successful.)
Bud, I have no idea what you're trying to say. I also don't think you really understand what you read in my comment. My comment isn't about France and Apple. My comment is a refutation of Adonis' claim that Apple doesn't allow companies to sell their products at a lower cost.
Apple know full well part of the premium product mystique is slapping on and maintaining a premium price. Too bad the maintaining part is illegal. Guess Apple will just have to put more premium into the product design rather than marketing.
WOW. I use to work for Ingram Micro back in 1996 as a PC computer Technician Level II for 2 YEARS. That seems like a LARGE fine for Ingram Micro. it was all Windows 95 machines for schools and Windows NT for corporation builds back in 1996. We did very little Mac work. mostly server builds and lots of workstations. HP was a huge part of our output. and some White Box builds with motherboard all the way up build.
Probably not.
1. They don't have a strong case (as explained in an earlier post https://forums.macrumors.com/thread...ti-competitive-behavior.2226687/post-28284163)
2. They'll rather pay upfront, despite some symbolic opposition, because their gains are a multitude of the fine.
This is why companies more powerful than States don't obey the rules
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Rogue decisions have consequences. Apple would be better off learning this lesson and so would be other corpo-behemoths.
What is so wrong is fixing a company's retail price? Are Rolex retailers allowed to lower the retail price? Agreeing not to compete against each other is good for the distributers. What is so wrong about that? Do the French want to destroy it's businesses for the sake of a 10% discount?
If a country is so finicky, better to withdraw from that country. A country that wants its businesses to constantly live in a dog eat dog market is not worth doing business in. Oh, the stress of being a business in country like this.
If a country is so finicky, better to withdraw from that country. A country that wants its businesses to constantly live in a dog eat dog market is not worth doing business in. Oh, the stress of being a business in country like this.
I don't see this a share around for individual buyers
this is Governments looking after their citizens, this cost money,I suppose you could say it reduces your tax burden but maybe a better thought is a more deserving/emotive Government cause is not short changed to fund other departments overheads
Sure its not as obvious as the Government fining an oil company for spillage as costs re clean up etc as cost more obvious to the public
But it is a betterment for all in France and some compensation for those ripped off as at least the money goes to your fellow countryman, indirectly
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Who was ripped off? How do you even define ripped off?...
for those ripped off as at least the money goes to your fellow countryman, indirectly
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Price fixing usually applies to independent companies agreeing to sell a product or service at a particular price point.
Many people have said the fine is pocket change for apple, implying jail time is needed for Tim.
It is pocket change, but a civil, not criminal offense, implying no jail time...just a pocket change fine. Not to mention good luck in getting him in jail for some cross-border fine nonsense.
A "Free market" with no rules is how we came to have kings, you know, the person who owned everything and everyon, and who was accountable to nobody.
Atleast in America, we decided kings weren't a very good idea.
So we created rules, which create structure within which capitalism can operate freely. This is Capitalism.
Capitalism is like a sport, where anyone can compete to win at the game. But you have to play by the rules of the game. Winning by stopping others from playing the game is strictly forbidden.
This is just a fine for not sticking to regulations so they won’t do it again.
same as if you get a speeding ticket. But that doesn’t mean your state gives it back to people injured from speeding cars...