Apple has lost a lawsuit in which it was accused of engaging in anti-competitive practices and will be fined TWD20 million (USD647,124), a Taiwan court said on Wednesday.
The island’s Fair Trade Commission had previously levied the fine against the Silicon Valley firm for requiring its major Taiwan telecom partners to receive approval for pricing plans for its wildly popular iPhone series in advance of public release, in violation of Taiwanese law. Apple subsequently countersued and lost the suit.
"Apple limited telecoms from setting contract price for its 4, 4S, 5 and 5S models, which is against the law," commission spokesman Chiu Yung-ho told Reuters. The court noted that Apple can still appeal.
(Source: Jakarta Globe )