Apple Fined $150M+ By Italian Watchdog for Anti-Competitive Cooperation With Amazon

Apple and Amazon were today fined a total of more than 200 million euros ($225 million) by Italy's antitrust authority for alleged anti-competitive cooperation in the sale of Apple and Beats products, reports Reuters. The fines are the culmination of an investigation that began last year over allegations that the two companies had been blocking the sale of Apple and Beats devices to resellers in order to stifle competition. The Italian watchdog today said contractual provisions of a 2018 agreeme...