By Anton D. Nagy | December 26, 2013 1:12 AM
20 million Taiwan Dollars — which is, today, roughly $668,000 — is the amount the Fair Trade Commission got Apple fined in Taiwan for, according to a statement on Wednesday. The reason for the fine is, according to the TFTC, Apple’s interfering with pricing of mobile service providers and handset distributors. To be specific, article 18 of Taiwan’s Fair Trade Act has been violated by Apple, who reportedly told Taiwan’s three main operators exactly how much to sell iPhones for. Apple also reportedly asked also asked Chunghwa Telecom Co., Far Eastone Telecommunication Co. and Taiwan Mobile Co. to adjust rates, as the Wall Street Journal reports.
There is room for an appeal for Apple, though the fine could go as high as $50 million ($1.67 million), should the iPhone-maker fail to comply. ”Through the email correspondence between Apple and these three telecom companies we discovered the companies submit their pricing plans to Apple to be approved or confirmed before the products hit the market”, said the Fair Trade Commission.
Source: The Wall Street Journal