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Apple Charged with Price Setting iPhones in Taiwan

Category: Manufacturers
Posted: 08:41PM

Charged with a fine totaling 20 million New Taiwan dollars, or $670,000, Apple has been charged with fixing prices in Taiwan for their iPhones. The Fair Trade Commission noted that Apple violated article 18 of Taiwan's Fair Trade Act when it told three different carriers within Taiwan what customers should pay for their iPhones. Since the carriers, Chunghwa Telecom Co., Far Eastone Telecommunication Co. and Taiwan Mobile Co., had already paid their distribution rights to Apple the entities could legally charge customers any price for available iPhones. Instead, the carriers had to email Apple for approval on price points for the iPhone 4 and the iPhone 5 and were unable to sell the devices until Apple approved the selling price. Apple can chose to appeal the charge, but if it does not comply it may additionally face a fine ranging from 100,000 New Taiwan dollars to 50 million New Taiwan dollars.

Source: DailyTech

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