According to a report by Bloomberg, Egypt, where an iPhone can cost 50% more than elsewhere in the Middle East, has given Apple two months to end what it claims are unfair restrictions on local distributors.
The country’s competition authority stated that while companies had a right to specify sales areas, local retailers were barred from buying from other distributors, which blocked competition. It voided clauses in the contracts that the regulator stated ran counter to competition legislation in the country.
Amir Nabil, head of the Egyptian Competition Authority, said the Authority took action after a two-year investigation of Apple’s sales and distribution practices in Egypt. The company’s actions are designed to limit competition, Nabil said.
“You shouldn’t prevent the customer from being able to choose the better option available to them,” said Nabil. “It’s about availability of products. It’s also about allowing customers access to better products.”
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI