Apple Fined By Taiwan for Interfering With Product Pricing

Apple Fined By Taiwan for Interfering With Product Pricing(Ping! Zine Web Tech Magazine) – On Wednesday, Taiwan’s Fair Trade Commission fined Apple $20 million Taiwan dollars, or $670, 000 U.S., for interfering with product pricing.

According to a report from The Wall Street Journal, Apple may face up to a $50 million fine in Taiwan dollars if they don’t comply with the terms.

The FTC found the tech giant had violated article 18 of Taiwan’s Fair Trade Act by telling service providers how much to sell their iPhones for and for also asking telecom companies to adjust their prices.

“Through the email correspondence between Apple and these three telecom companies we discovered the companies submit their pricing plans to Apple to be approved or confirmed before the products hit the market,” stated the commission in a statement.

This ruling applies to iPhones only, in which there are no plans to investigate into the selling of iPads, states the commission.