Russia Says Apple Is Guilty Of Price Fixing, May Face Fines

By Juste

March 15, 2017 iPhone 7 No comments

apple iPhone

Russia’s antitrust regulator has announced that it has found Apple guilty of fixing the price of iPhones in the country.

The regulator has accused Apple of fixing the price of its iPhone 5 and iPhone 6 handsets at 16 local retailers.

According to a recent report, Apple allegedly tracked prices of the handsets at these retailers and would them to raise the price of the handset if they thought the prices they were being sold for were not correct.

Apple has apparently three months to appeal the decision, although it looks like they will not be appealing it and may end up paying whatever fines are imposed.

Source Engadget, 9 to 5 Mac

Filed Under: Apple, Apple iPhone

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