A PYMNTS Company

Russia: “Apple guilty of price-fixing”

By  |  March 14, 2017

Apple has been found guilty of fixing the price of iPhones in Russia for several years.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Russia’s antitrust regulator, the Federal Antimonopoly Service, said on Tuesday that Apple’s local subsidiary coordinated the price at which businesses were allowed to sell its phones. If sellers tried to discount an iPhone, Apple would email them and ask for it to be changed; failing to do so could have led to their contract being terminated.

    Apple is said to have done this for the last several years of phones, from the iPhone 5 through the iPhone 6S. The Russian news agency TASS reports the regulator did not find signs of price coordination for the iPhone 7.

    Russia’s antimonopoly regulator said that Apple cooperated with the investigation and has ended its price fixing practices and has also agreed to set up antitrust compliance and training protocols to prevent the company from trying the same thing again in the future.

    Full Content: The Verge

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