Apple and Amazon Slapped with $225M Fine by Italy's Watchdog for Alleged Collusion
Apple and Amazon Slapped with $225M Fine by Italy'south Watchdog for Alleged Collusion
Posted by on Nov 23, 2022 in Apple News
Apple and Amazon take been collectively handed a fine of over 200 1000000 euros ($225 million) past Italy's antitrust authority for anti-competitive cooperation related to the sale of Apple and Beats products.
A 2022 agreement between the two companies immune but selected authorized resellers to sell Apple tree and Beats products on Amazon Italian republic — a violation of the European union rules. Due to this, Italy's competition watchdog has slapped a fine of 68.seven million euros on Amazon and 134.v million on Apple. It has also ordered both companies to exercise away with the restriction and allow all authorized retailers to sell Apple and Beats products on the e-commerce platform.
The agreement aimed to limit the cross-border auction of Apple tree and Beats products through Amazon.
Apple tree plans to appeal against the fine and has already issued a statement on the matter:
"To ensure our customers purchase genuine products, we piece of work closely with our reseller partners and have dedicated teams of experts effectually the globe who work with constabulary enforcement, customs and merchants to ensure but genuine Apple products are beingness sold."
The investigation by Italy's watchdog has as well caught the attention of the anti-competitive authorities in Germany and Spain, who accept launched similar investigations of their own.
Source: https://www.iphonehacks.com/2021/11/apple-amazon-slapped-fine-italys-watchdog-alleged-collusion.html
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