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Apple has been fined $1.2 billion by the French Competition Authority.

France has accused the company of breaching antitrust law with its supplier agreements, fining Apple €1.1 billion (around $1.2 billion), and its wholesalers Tech Data and Ingram Micro €76.1 million (around $85 million) and €63 million (around $70.3 million), respectively.

The penalty is the largest single fine issued by the authority. Apple told CNBC that it plans to appeal.

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