Russia finds Apple guilty of price-fixing regarding the iPhone

Russia finds Apple guilty of price-fixing regarding the iPhone

The Financial Times reports that Russia’s Federal Antimonopoly Service has ruled that Apple had illegally ordered retailers to fix prices of the iPhone 5 and iPhone 6 models. The Cupertino, California-based company purportedly instructed 16 retailers in Russia to set the prices at a certain amount and if a retailer was found to be selling the iPhone at an “unsuitable” price, Apple would contact them and order them to change the price or risk having the sales agreement terminated.

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