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Wednesday, 25 December 2013 - 19:47
Apple fined in Taiwan for fair trade violation
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Taiwanese authorities slapped a fine of 667 thousand dollars on US tech giant Apple for violating a fair trade law over local iPhone pricing.

The Fair Trade Commission said an Apple unit in charge of Taiwan sales had interfered in the pricing and mobile phone payment rates of three local telecom service providers, despite selling them the distribution rights to the phones.

Apple, which can appeal the ruling, could face an additional fine of up to 50 million Taiwan dollars if it fails to comply.
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