Taiwan Antitrust Agency fines Apple for iPhone Pricing

Apple has been fined by The Tiawan fair Trade Commission at $20 million for interfering with the price of iPhone by three mobile carriers, according to news.

The antitrust agency found apple's unit in charge of Taiwan sales Article 18 of Taiwan's Fair Trade by asking operator Chunghwa Telecome, Far Eastone Telecommunications and Taiwan Mobile to pricing plans by Apple.

Apple said that subsides these companies offer for buying iPhone with contracts, cannot be lower than those of their competitors.The fair Trade Commition had not issued on its english website, though a Chinese version was available.

Artical 18 states that "Where an enterprise supplies goods to its trading counterpart for resale to a third party or such third party makes further resale, the trading counterpart and the third party shall be allowed to decide their sale prices freely; any agreement contrary to this provision shall be void."

Apple faces an additional fine of up to $50 million if fails to comply with the Fair Trade Commission's ruling.

Share on Facebook Share on Twitter Share on Google Plus

About Unknown

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.