Apple and Amazon were today fined a total of more than 200 million euros ($225 million) by Italy’s antitrust authority for alleged anti-competitive cooperation in the sale of Apple and Beats products, reports Reuters.
The fines are the culmination of an investigation that began last year over allegations that the two companies had been blocking the sale of Apple and Beats devices to resellers in order to stifle competition.
The Italian watchdog today said contractual provisions of a 2018 agreement between the two companies meant only selected resellers were allowed to sell the products on Amazon’s Italian store, which was in violation of EU rules and affected competition on prices.
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