Italy Slaps Apple with $1.2 Million Fee

Wall St. Cheat Sheet

Apple’s holiday sales celebration was dampened by a 900,000 euro ($1.2 million) fee from the Italian government. The Italian Antitrust Authority said Apple misled Italian consumers into purchasing an extended warranty that was unnecessary given Italy’s product service requirements.

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The Italian government said Apple wrongly encouraged Italian customers to purchase its AppleCare warranty service, which extends their standard one-year warranty on Apple devices to two years. The service extension would have been moot for Italian customers because Italy requires a standard two years of complimentary technical support.

In addition to the fine, the antitrust agency also gave Apple 90 days to update its website to reflect the free-of-charge two-year warranty.

Apple officials were unavailable for comment last week regarding the fine. The Italian Antitrust Authority says Apple has 60 days to appeal the ruling. Apple is also under investigation in Europe for possible price-fixing with e-book publishers and for patent disputes with Samsung.

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