“Taiwan’s Fair Trade Commission (FTC) fined Apple Inc $666,700 for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices,” Michael Gold reports for Reuters.
“The regulator said that Apple Asia, a unit of the Cupertino-based company, required carriers to obtain its permission before setting contract prices on iPhones in violation of Taiwan’s free-trade laws,” Gold reports. “Apple Asia also told carriers to alter service contract prices and subsidy prices, according to an FTC statement on Wednesday, leading to the fine of T$20 million ($666,700).”
Full article here.
Treat it as a donation
Make sure it doesn’t become a “precedent”.
They found enough money in the Visitor’s Lounge sofas to cover it.
I wish those companies good luck having a continuing relationship with Apple. Taiwan might as well apply for status as a province of Korea, because all they’ll be selling is Samsung. Talk about stupid moves.