Nov 23, 2021
Italy fines Apple and Amazon over Beats headphones
Italy's competition watchdog has fined Amazon and Apple more than €200m for allegedly flouting competition regulations. The fine relates to Beats headphones, a brand bought by Apple for $3bn in 2014.A 2018 agreement between the tech giants meant only selected resellers could sell the products on Amazon's Italian website. Teaming up with selected resellers helps customer safety because it ensures products are genuine, Apple said. "To ensure our customers purchase genuine products, we work closely with our reseller partners and have dedicated teams of experts around the world who work with law enforcement, customs and merchants, to ensure only genuine Apple products are being sold." A spokesperson for the company said: "We reject the suggestion that Amazon benefits by excluding sellers from our store, since our business model relies on their success.It said the agreement at issue"more than doubled" the catalogue of products available to Italian customers, and resulted in "better deals and faster shipping".
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