“Apple Inc on Tuesday rejected allegations from Russia’s state competition watchdog it may have been involved in fixing prices for iPhones, saying resellers set their own prices,” Maria Kiselyova reports for Reuters.

“FAS said it was looking into the idea that Apple had somehow obliged Russian resellers to treat its recommended product prices as mandatory,” Kiselyova reports.

Kiselyova reports, “It said an investigation had shown that retailers had set identical prices and kept them at that level for a certain time period, including for other models.”

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MacDailyNews Take:

Resellers set their own prices for the Apple products they sell in Russia and around the world. — Apple Inc. statement