Amazon & Apple Issued Fines By Italy Government

The antitrust authority of Italy has issued fines of Amazon EUR68.7 million , and Apple EUR134.5 millions for anticompetitive behavior. Both companies are expected to appeal the penalty.

The issue is the agreement signed that was signed between Amazon and Apple in 2018 that permitted only Amazon and selected resellers to offer Apple or Beats items through Amazon Italy. Furthermore, there were restrictions in place for cross-border sales.

The Italian authorities claim that the reduction in competition has led to less price competition and lowered the amount of discounts offered by third party companies. These deals are in violation of EU regulations ( Article 101).

In addition to paying the fine, both companies have to give each retailer that sells authentic Apple or Beats products be allowed access to Amazon.it. Amazon.it market in an equal fashion.

Authorities in antitrust are in Germany and Spain are conducting their own investigation into this.

Subscribe

Related articles

Oppo’s latest Reno13 series has landed in India

From, India Back in November, Oppo introduced the Reno13 series...

Infinix Xpad is officially Live.

From, India As I explored the latest offerings in the...

Realme announces launch date for its 14 Pro series.

From, India Realme fans, mark your calendars! The brand has...

Leaked Spec Sheet Reveals What to Expect from Xiaomi Poco X7 5G.

Poco’s upcoming mid-range device, the Poco X7 5G, has...

Tecno Camon 30S is live Now.

From, Pakistan Tecno has expanded its Camon 30 lineup once...
Carter (Apple Boy)
Carter (Apple Boy)
I am the Owner of HexaCore. I just love using Apple devices. Yes iPhone, a MacBook, Airbuds and an Apple Watch. I love their sleek designs and unqiue ideas. Writing about Apple products and updates is my hobby now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here