A PYMNTS Company

Italy Lessens Apple & Amazon Fines

 |  January 20, 2022

Italy’s antitrust regulator announced on Thursday, January 20, it had recalculated the fines for US tech giants Apple and Amazon due to a “material error” in the first calculation, reported Reuters.

The fines now amounted to €114.7 million (US$130.04 million) for Apple and €58.6 million for Amazon, down from €134.5 million and €68.7 million, respectively, the watchdog said in a statement.

The authority had stated in November it had fined the two groups for allegedly engaging in anti-competitive cooperation in the sale of Apple and Beats products.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.