Apple Guilty Of iPhone Price-Fixing In Russia
A Russian watchdog has found Apple guilty of fixing the price of iPhones sold at Russian retailers.
The country’s Federal Antimonopoly Service said Apple’s Russian subsidiary had forced 16 retailers to keep the price of the iPhone at a certain level, the Financial Times reported. The watchdog found that retailers were contacted by Apple when prices fell to “inappropriate” levels.
Apple is suspected of having the power to terminate sales agreements if its demands were not met according to the Federal Antimonopoly Service.
If found guilty, Apple could be required to pay up to 15% of its Russian sales in fines. The allegations apply to sales of the iPhone 5s, iPhone 5c, iPhone 6 and 6 Plus, and iPhone 6s and 6s Plus.
“We worked closely with FAS during their investigation and are glad to put this matter behind us,” an Apple spokesperson told the Financial Times.
“We work hard to make the best products and services in the world for our customers and are deeply committed to making sure our resellers are able to compete fairly in the markets where we do business.”
Apple originally denied price-fixing allegations when the Federal Antimonopoly Service opened its investigation last August, and told Reuters that “Resellers set their own prices for the Apple products they sell in Russia and around the world.”
An outcome is not expected for some time with Apple given three months to challenge the watchdog’s findings in court.