Spain’s antitrust authority named CNMC fined Apple $161 million and Amazon round $57 million.
The tech giants additionally “limited the advertising spaces where competing Apple products can be advertised on the Amazon website in Spain”.
Amazon and Apple have been fined a complete of $218 million in Spain for allegedly limiting competitors across the reselling and advertising of Apple merchandise on the e-commerce big’s e-commerce market within the nation.
Spain’s antitrust authority named CNMC fined Apple $161 million and Amazon round $57 million.
The nation’s competitors watchdog discovered that each the businesses “unreasonably restricted the variety of resellers of Apple merchandise on the Amazon web site in Spain”.
The tech giants also “limited the advertising spaces where competing Apple products can be advertised on the Amazon website in Spain”.
“Finally, they restricted the potential of Amazon directing advertising campaigns to clients of Apple merchandise on its web site in Spain to supply them competing merchandise from different manufacturers,” the authority said in a statement.
Now, both Apple and Amazon have agreed to include a series of clauses in the contracts that regulate the conditions of Amazon as an Apple distributor that affected the sale of Apple products and other brands on the Amazon website in Spain.
According to the watchdog, more than 90 per cent of the resellers who had been using the Amazon website in Spain for the retail sale of Apple products were excluded from the main online market in the country.
“Sales of Apple products through the Amazon website in Spain by sellers based in other EU countries were reduced, thus limiting trade between member states and there was an increase in the relative prices paid by consumers for the purchase of Apple products in said online market in Spain,” the antitrust authority famous.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – IANS)
