TAIPEI: Taiwan's Fair Trade Commission (FTC) fined Apple Inc US$666,700 (RM2mil) for restricting the prices charged by local telecom carriers for their iPhone contracts, the first time Apple has been fined for such practices.
The regulator said that Apple Asia, a unit of the Cupertino-based company, required carriers to obtain its permission before setting contract prices on iPhones in violation of Taiwan's free-trade laws.
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