Apple loses anti-competitive court case in Taiwan
As reported by Reuters, Taiwan's Fair Trade Commission initially levied a fine against Apple due to the company limiting local carriers from setting contract prices, which commission spokesman Chiu Yung-ho states is against the law. Apple denied the allegations and counter-sued the FTC, but subsequently lost the lawsuit.
The Taiwanese courts set Apple's fine at T$20 million ($647,124), but will allow the company to appeal the decision. From the Reuters report:
The iPhone is usually bundled with contracts on Taiwan's three major telecom companies, Chunghwa Telecom, Taiwan Mobile and Far EasTone Telecommunications. It's not a large sum of money for Apple, but the lawsuit marks a serious blow for the company in Taiwan.
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