Italy's antitrust recalculates Apple, Amazon fines after "material error"

FILE PHOTO: FILE PHOTO: The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store, U.S., January 18, 2011. REUTERS/Mike Segar/File Photo

ROME (Reuters) - Italy's antitrust regulator said on Thursday it had recalculated the fines for U.S tech giants Apple and Amazon 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.