Amazon and Apple fined more than € 200 million for anti-competitive practices

Italy's antitrust authority fined Amazon € 68.7 million and Apple € 134.5 million for anti-competitive practices. Both companies will appeal the fine.

The problem stems from a 2018 agreement between Amazon and Apple that only allowed Amazon and select resellers to offer Apple and Beats products on Amazon's Italian site. In addition, restrictions were imposed on cross-border sales.

The Italian authorities say the agreement has reduced competition on pricing and reduced the number of discounts offered by third parties. Such transactions are contrary to EU rules. In addition to paying the fine, both companies must also grant access to Amazon. It marketplace to any retailers of genuine Apple and Beats products on a non-discriminatory basis.

The antimonopoly authorities of Germany and Spain are conducting their own investigation into this matter.

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