Italian competition watchdog fines Apple and Amazon £170m

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Italy’s competition watchdog has fined Apple and Amazon a total of more than 200 million euros &lpar;£170 million&rpar; for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules&period;<&sol;p>&NewLine;<p>An investigation found that provisions in a 2018 agreement between the US tech giants limited access to Italy’s Amazon marketplace to selected resellers&comma; the Italian Competition Authority &lpar;ICA&rpar; said&period;<&sol;p>&NewLine;<p>The watchdog slapped Apple with a 134&period;5 million euro &lpar;£113 million&rpar; fine and Amazon with a 68&period;7 million euro &lpar;£57 million&rpar; penalty&period; It also ordered them to end the restrictions and give resellers access in a &OpenCurlyDoubleQuote;non-discriminatory manner”&period;<&sol;p>&NewLine;<p>Both Apple and Amazon said they would appeal against the decision&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The proposed fine is disproportionate and unjustified&comma;” Amazon said&period; &OpenCurlyDoubleQuote;We reject the ICA’s suggestion that Amazon benefits by excluding sellers from our store&comma; since our business model relies on their success&period;”<&sol;p>&NewLine;<p>Apple said it respected the Italian Competition Authority &OpenCurlyDoubleQuote;but believe we have done nothing wrong”&period;<&sol;p>&NewLine;<p>Teaming up with selected resellers helps customer safety because it ensures products are genuine&comma; Apple added&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Non-genuine products deliver an inferior experience and can often be dangerous&comma;” Apple said&period; &OpenCurlyDoubleQuote;To ensure our customers purchase genuine products&comma; we work closely with our reseller partners and have dedicated teams of experts around the world who work with law enforcement&comma; customs and merchants to ensure only genuine Apple products are being sold&period;”<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed2cff6078b">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed2cff6078b'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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