Amazon, Apple Handed EUR 200 Million Italian Fine for Alleged Collusion in Product Sales

Italy’s antitrust authority has fined US tech giants Amazon and Apple a complete of greater than EUR 200 million (kind of Rs. 1,675 crore) for alleged anti-competitive cooperation within the sale of Apple and Beats merchandise.

Contractual provisions of a 2018 settlement between the firms intended simplest decided on resellers have been allowed to promote Apple and Beats merchandise on Amazon, the contest watchdog mentioned, including that this used to be in violation of European Union laws.

The authority imposed a fantastic of EUR 68.7 million (kind of Rs. 575 crore) on Amazon and EUR 134.5 million (kind of Rs. 1,130 crore) on Apple, ordering the firms to finish the constraints to provide outlets of authentic Apple and Beats merchandise get right of entry to to Amazon in a non-discriminatory approach.

Apple denied any wrongdoing and mentioned it plans to enchantment in opposition to the fantastic.

“To make sure our shoppers acquire authentic merchandise, we paintings intently with our reseller companions and feature devoted groups of professionals all over the world who paintings with regulation enforcement, customs and traders to make sure simplest authentic Apple merchandise are being offered,” it mentioned.

An Amazon consultant may just no longer be reached for instant remark.

© Thomson Reuters 2021

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