The adjustment was a result of a “material error” in the first calculation.
Italy’s antitrust regulator said on Thursday it had recalculated the fines for U.S tech giants Apple and Amazon, according to reporting in Reuters. The Italian officials said the adjustment was due to a “material error” in the first calculation.
The fines now amounted to 114.7 million euros ($130.04 million) for Apple and 58.6 million euros for Amazon, down from 134.5 million euros and 68.7 respectively, the watchdog said in a statement.
Why the fines were levied in the first place
The authority had said in November it had fined the two groups for allegedly engaging in anti-competitive cooperation in the sale of Apple and Beats products. Contractual provisions of a 2018 agreement between the companies meant only selected resellers could sell Apple and Beats products on Amazon.it, the watchdog said. The officials added that this was in violation of European Union rules and affected competition on prices.
The authority imposed a fine of 68.7 million euros on Amazon and 134.5 million euros on Apple, ordering the companies to end the restrictions to give retailers of genuine Apple and Beats products access to Amazon.it in a non-discriminatory manner.
“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,” Apple said, denying any wrongdoing.
Amazon said it strongly disagreed with the decision of the Italian authority and that the proposed fine was “disproportionate and unjustified”.
“We reject the suggestion that Amazon benefits by excluding sellers from our store, since our business model relies on their success. As a result of the agreement, Italian customers can find the latest Apple and Beats products on our store, benefiting from a catalogue that more than doubled, with better deals and faster shipping,” Amazon said.