An administrative court in Italy today scrapped a €173.3 million ($170.4 million) fine leveled at Apple and Amazon last year for alleged anti-competitive cooperation when selling Apple and Beats products, Reuters reports.
The regulator said contractual provisions of a 2018 agreement between the two companies meant only selected resellers were allowed to sell the products on Amazon’s Italian store, which was in violation of EU rules and affected competition on prices.
Amazon was fined €68.7 million euros ($67.6 million), while Apple received a fine of €134.5 million ($132.3 million). The watchdog also ordered the companies to end the restrictions to give retailers of genuine Apple and Beats products access to the Italian Amazon web store in a “non-discriminatory manner.”
Both Apple and Amazon appealed against the fines. “To ensure our customers purchase genuine products, we work closely with our reseller partners and have dedicated teams of experts around the world who work with law enforcement, customs and merchants to ensure only genuine Apple products are being sold,” Apple said, denying any wrongdoing. In a separate statement Amazon said it strongly disagreed with the decision of the Italian authority and that the proposed fine was “disproportionate and unjustified.”
Earlier this year, the fine was reduced to an overall €173.3 million ($170.4 million) due to a “material error” in the initial calculation. Amazon welcomed today’s ruling in a statement, while Apple and Italy’s antitrust regulator declined to comment.
Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.