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Taiwan: Apple slapped with latest sanction

 |  January 5, 2014

The Taiwan Fair Trade Commission announced late last month that it has fined Apple Inc. more than $660,000 for antitrust violations, reports say.

Apple was issued the fine following the regulator’s findings that the company illegally attempted to manipulate iPhone prices by interfering with domestic mobile carriers’ pricing policies. The behavior is in violation of Taiwan’s Fair Trade Act.

According to reports, Apple demanded local carriers Chunghwa Telecom, Far EasTone Telecommunications and Taiwan Mobile to reveal iPhone pricing plans for Apple approval.

According to the regulator, an investigation into Apple emails with the wireless companies in question lead the authorities to fine the smartphone giant.

Full Content: Cruxialcio

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