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Spain's antitrust agency, CNMC, slaps Apple and Amazon with a $218 million fine over allegations of competition violations. The investigation focused on whether the tech giants unfairly collaborated, reducing competition in the internet retail market for electronic products. Both companies plan to appeal, claiming the partnership benefits consumers, protects against fake products, and enhances discounts., Technology & Science News, Times Now
Apple and Amazon were fined in Spain for restricting competition based on the reselling and the marketing of Apple products on Amazon's local ecommerce…
Spain’s competition watchdog fined Apple and Amazon a total of 194 million euros (about $218 million) Tuesday for unfairly restricting competition around the reselling and marketing of Apple products and other products on the e-commerce giant’s local e-commerce marketplace, reports TechCrunch.
Spain has fined Amazon and Apple a total of 194.1 million euros (over $218 million) for antitrust violations. According to Reuters, the penalties relate to a deal the companies made in 2018 that made Amazon an authorized Apple dealer but also included alleged anti-competitive clauses. “The two companies restricted without justification the number of sellers of Apple products on the Amazon website in Spain,” Spain’s antitrust regulator, Comisión Nacional de los Mercados y la Competencia (CNMC), said today.