Amazon and Apple fined a large amount


November 23, Fineko/ The Italian competition authority has fined American tech giants Amazon and Apple Inc. ABC.AZ reports that both companies were fined a total of EUR 203.2 million. The companies were fined for uncompetitive cooperation in the sale of their products. The competition authority noted that the terms of the 2018 agreement between the companies allowed only certain dealers to sell Apple and Beats products on, which violates the EU rules. The market regulator fined Amazon for EUR 68.7 million and Apple for EUR 134.5 million, saying that the companies should stop restrictions allowing retailers of original Apple and Beats products to access without discrimination.