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Apple fined $667,000 in Taiwan for messing with carrier prices

Apple tried playing with carrier prices in Taiwan, gets fined $667,000 in the process (NASDAQ:AAPL)

| Business, Financial & Legal News | Posted: Jan 1, 1970 12:00 am

It's not turning out to be a Merry Christmas for Apple, which was just fined by the Taiwan Fair Trade Commission. The iPhone maker was hit with a $667,000 fine because it was "interfering with mobile service providers and handset distributors' pricing."

 

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Apple could face an additional fine of $1.67 million, if it doesn't stop its ways, messing around with carriers and other retailers in regards to iPhone prices. Taiwan's FTC also said in a statement: "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."

NEWS SOURCES:Bgr.com

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