Apple and Amazon being investigated by Italian regulator over alleged price fixing

News Apple and Amazon being investigated by Italian regulator over alleged price fixing
apple logo

The Italian antitrust regulator, ACGM has announced that it opened an investigation against Apple and Amazon to ascertain an allegation that both the companies were denying legitimate resellers to buy Apple and Beat products. The regulator said it could undermine the competition and ultimately affect companies and customers.

Apple and Amazon Are Being Investigated by Italian Regulator


Apart from strictly valuing the GDPR, businesses in the European Union have to abide by local competition practises that help small businesses to avoid being exploited by large firms. In one such incident, Italian antitrust regulator, L’Autorit Garante Della Concorrenza e del Mercato has opened an investigation into an allegation made by Italian small and medium businesses.

The sellers here in allege that Apple and Amazon are thwarting them to purchase and resell their products on their web markets. It’s like, Apple and Amazon have involved in an agreement to disallow resellers, who’re legitimate by law but not participating in Apple’s special reseller program, to buy their goods.

Also Read: Apple aims to become totally carbon neutral by 2030

This avoidance, as per the regulator, can have the potential to reduce competition by raising barriers to the outlet of online sales markets to the detriment of unofficial resellers.” The regulator didn’t exactly define how long the investigation would do but said that it’s officials had inspected the local offices of both Amazon and Apple.

This investigation is done as per Article 101 of the Treaty on the Functioning of the European Union, says ACGM, and aims at ascertaining the allegation. Apple has been fined 10 million euros earlier by the same regulator for intentionally slowing down the iPhone batteries and making the handsets obsolete! This allegation, if proved, may attract yet another hefty penalty.

More to read:

Share

Social Connect3
Get latest updates on the go

1FansLike
4FollowersFollow
5FollowersFollow

Recent Articles

How to force restart, enter DFU mode, recovery mode in iPhone 11, iPhone 11 Pro, and iPhone 11 pro Max

This is an extensive step-by-step guide on how to hard reset, force restart,...

New iPhone 12 release date, price, leaks, and features

As we are heading closer towards the launch of the next-generation iPhone 12...

Apple releases iOS 14.0.1, iPadOS 14.0.1, watchOS 7.0.1, tvOS 14.0.1 with minor bug fixes

On September 16, Apple launched iOS 14 the latest version of its iOS...

Apple may launch iPhone 12 Mini with small screen in October

The 2020 Apple's iPhone lineup's launch is imminent. Leaks are coming out wildly...

Apple’s iPhone 12 could debut on October 13

Every year Apple launches a bunch of new products, including new iPhones. Usually,...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Get the daily news and updates in your inbox

Share