Taiwan fines Apple $666K over iPhone pricing

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IPhone 5S

iPhone pricing

Taiwan’s honest change fee has fined Apple 20 million New Taiwan greenbacks — about $666,000 — after figuring out the company has been illegally interfering with iPhone pricing in the United States of America, The Wall Street Journal said Wednesday.

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The commission found that Apple once told Taiwan’s three major cell-service suppliers how much to charge for iPhones. “Through the e-mail correspondence between Apple and these three telecom firms, we discovered the businesses put up their pricing plans to Apple to be approved or validated sooner than the products hit the market,” the commission mentioned in observation, in step with the WSJ. The newspaper may now not attain Apple for comment.