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Italy hits Amazon, Apple with 200m euro antitrust fine

AFP . Rome
24 Nov 2021 00:51:26 | Update: 24 Nov 2021 00:51:26
Italy hits Amazon, Apple with 200m euro antitrust fine

Italy’s competition watchdog imposed fines totalling 200 million euros ($225 million) on Amazon and Apple on Tuesday in the latest action taken against US tech giants in Europe over their business practices.

It ordered Apple to pay 134.5 million euros and e-commerce firm Amazon 68.7 million euros for infringing EU laws through restrictions which penalised sellers of Apple and Beats products.

US big tech firms have faced a slew of antitrust challenges in Europe -- an approach being watched closely by regulators in Washington, which has pledged to intensifying scrutiny of the technology industry.

The Italian watchdog said a 2018 deal between the two US companies had “barred official and unofficial resellers of Apple and Beats products from using Amazon.it, allowing the sale of those products in that marketplace only to Amazon and to selected parties in a discriminatory manner”.

The aim had been to restrict the number of retailers and limit cross-border sales, it said.

The agreement spelled bad news for consumers, because at least 70 per cent of electronics goods bought in Italy were purchased on Amazon,
it added.

The watchdog said its investigation had attracted the attention of “the national competition authorities in Germany and Spain, which have also launched similar procedures”.

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