Apple Accused Of Fixing iPhone Prices In Russia

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In a ruling published on Tuesday, the Federal Antimonopoly Service (FAS) accused Apple of fixing prices of the iPhone 5s models, 5c, iPhone 6 and 6 Plus, and iPhone 6s and 6s Plus, when they went on sale in Russia. Following the same, Tim Cook’s firm could face a fine of up to 15 per cent of its sales in Russia.

According to the report, Apple Russia had asked 16 major re-sellers in the country to stick to certain prices for the phone models and supported them for about three months. Apple’s local subsidiary coordinated the price at which businesses were allowed to sell its phones. If sellers tried to discount an iPhone, Apple would email them and ask for it to be changed, failing to do so could have led to their contract being terminated. Apple is believed to be doing this for the last several years of phones, from the iPhone 5 through the iPhone 6S.

However, this isn’t the first time Apple has been found guilty of enforcing price fixing. In March 2016 the firm was told to pay $450 million as part of a settlement after the US Supreme Court said it had worked with five publishers to set the price of e-books.

 

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