The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in Spain, CNMC, as the watchdog is known, said in a statement Tuesday. Apple was fined €143.6 million ($161.4 million) and Amazon €50.5 million ($56.7 million). The two companies have two months to appeal the decision. Spokespeople from Apple and Amazon separately said their respective companies intended to appeal the fines. “The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in Spain,” CNMC, as the watchdog is known, said in a statement Tuesday. Apple was fined €143.6 million ($161.4 million) and Amazon €50.5 million ($56.7 million). The two companies have two months to appeal the decision. Spokespeople from Apple and Amazon separately said their respective companies intended to appeal the fines. “The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in Spain,” CNMC, as the watchdog is known, said in a statement Tuesday. Apple was fined €143.6 million ($161.4 million) and Amazon €50.5 million ($56.7 million). The two companies have two months to appeal the decision. Spokespeople from Apple and Amazon separately said their respective companies intended to appeal the fines. “The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in Spain,” CNMC, as the watchdog is known, said in a statement Tuesday. Apple was fined €143.6 million ($161.4 million) and Amazon €50.5 million ($56.7 million). The two companies have two months to appeal the decision. Spokespeople from Apple and Amazon separately said their respective companies intended to appeal the fines. “The two contracts the companies signed on October 31, 2018, granting Amazon the status of authorized Apple dealer, included anti-competitive clauses that affected the online market for electronic devices in Spain,” CNMC, as the watchdog is known, said in a statement Tuesday. Apple wasd The two on Oct 31 last year, granting Amazon the status of authorized Apple dealer, included anti-competition clauses that affected the online market for electronic devices in Spain, CNCM, as the regulator is called, said Wednesday. It has imposed fines worth a total of 194.1 million euros ($218 million), with Apple being fined 161m euros ($173 million) and Amazon 50.5m euros ($57
Amazon and Apple have been fined $218 million by Spain’s antitrust watchdog for limiting competition in the market for digital music downloads.
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