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Apple has been fined $670K by Taiwan's Fair Trade Commission (FTC) for Interfering With
Local Distributors' iPhone-Pricing Plans.
First time Apple has been fined for such practices.
Although Apple can appeal against the fine, it could face a fine of up to $1.6 million
if it does not meet the terms.
In a statement FTC says that, "Through the email correspondence between Apple and three
Taiwan telecom companies we discovered the companies submit their pricing plans to Apple
to be approved or confirmed before the products hit the market,"
And, FTC said that the Cupertino-based tech giant has no right to dictate the price of
iPhones sold by local carriers after it had sold them the distribution rights for the
device.
As the three carriers paid Apple for those rights, they are allowed to distribute or
resell iPhones at their own convenient price, the FTC said.