Silvia Amaro, CNBC »

The French competition authority said the iPhone-maker was guilty of creating cartels within its distribution network and abusing the economic dependence of its outside resellers.

Two of Apple’s wholesalers were also fined for agreeing on prices: Tech Data and Ingram Micro received fines of 76.1 million euros and 62.9 million euros respectively. Both companies were not immediately available for comment when contacted by CNBC.

The French authority said this penalty — totaling 1.24 billion euros — was the largest ever handed down in one case.

More » French competition agency (in French), 9to5Mac, MacRumors, Reuters, CNET, Thurrott, Engadget, The Next Web, The Register, NY Times (paywall)