Taiwan Fines Apple $666K Over IPhone Pricing

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Taiwan Fines Apple $666K Over IPhone Pricing

Taiwan Fines Apple $666K Over IPhone Pricing
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Taiwan Fines Apple $666K Over IPhone Pricing

by Wochit 0:55 mins

The Wall Street Journal reported Wednesday that Taiwan's Fair Trade Commission has fined Apple 20 million New Taiwan dollars,that's about $666,000,after determining the company has been illegally interfering with iPhone pricing in the country. The commission found that Apple was telling Taiwan's three primary mobile-service providers how much to charge for iPhones, a violation of the nation's Fair Trade Act. According to The Wall Street Journal, the commission 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."

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