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 Citys flagship Apple store U.S. January 18 2011. REUTERSMike SegarFile Photo

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.

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