Apple faces a $162 million fine from French regulators. Here’s why

Apple was hit with a 150 million euro ($162.4 million) fine by French antitrust regulators on Monday for abusing its dominant position in mobile app advertising on its devices via a privacy control tool.

The fine—the first by any antitrust regulator over Apple’s App Tracking Transparency tool—comes a year after the European Union hit the company with a 1.8 billion euro antitrust fine for thwarting rival music streaming services on its App Store.

The head of the French Competition...