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Apple fined by Taiwan’s Fair Trade Commission for iPhone pricing practices

apple logo taiwan reuters 6351 Apple fined by Taiwans Fair Trade Commission for iPhone pricing practices

Taiwan‘s truthful exchange commission (FTC) fined Apple Inc $666,seven-hundred for limiting the costs charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices.

The regulator said that Apple Asia, a unit of the Cupertino-based totally firm, required carriers to obtain its permission sooner than setting contract costs on iPhones in violation of Taiwan‘s free-trade regulations.

Apple Asia additionally advised carriers to alter provider contract costs and subsidy prices, according to an FTCstatement on Wednesday, leading to the effective of T$20 million.

Officials with Apple Asia may not be reached for touch upon Thursday.

The three carriers, Chunghwa Telecom Co Ltd, Taiwan mobile Co Ltd and a ways Easton Telecommunications Co Ltd, had all obtained reseller rights under their contracts with Apple, which gave them the fitting to set prices, FTC spokesman sun Lih-chyun said.

Apple has been dealing with challenges in the impulsively-evolving marketplace for the smartphones wherein it once held a commanding lead.

The corporate not too long ago stated that it signed a long-awaited care for China cell Ltd, China’s largest telecom carrier, to sell its iPhones, elevating hopes that it may make vital inroads on the earth’s greatest smartphone market.

 

 

4 comments

  1. Wavatar

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  2. Wavatar

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  3. Wavatar
    Warren Horridge

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  4. Wavatar

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