SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Apple fined in Taiwan for fair trade violation [Legal Monitor Worldwide]

[December 25, 2013]

Apple fined in Taiwan for fair trade violation [Legal Monitor Worldwide]

(Legal Monitor Worldwide Via Acquire Media NewsEdge) Taiwanese authorities on Wednesday slapped a fine of Tw$20 million ($667,000) on US tech giant Apple for violating a fair trade law over local iPhone pricing.

The Fair Trade Commission said an Apple unit in charge of Taiwan sales had interfered in the pricing and mobile phone payment rates of three local telecom service providers, despite selling them the distribution rights to the phones.

It said investigations found that Chunghwa Telecom, Far Eastone Telecommunication and Taiwan Mobile had submitted their pricing plans to Apple for approval or confirmation before new models hit the market, while Apple had also asked the Taiwanese companies to change or adjust prices.


"Apple deprived the telecom operators of liberty to decide on the prices based on their own cost structures and competitive market situation, to restrict competition ... and violate the fair trade law," the commission said in a statement, urging Apple to immediately stop its illegal actions.

Apple, which can appeal the ruling, could face an additional fine of up to Tw$50 million if it fails to comply, the commission said.

(c) 2013 Legal Monitor Worldwide. All Rights Reserved. Provided by Syndigate.info, an Albawaba.com company

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.