Spain hits Apple, Amazon with 194m euro antitrust fine

MADRID: Spain’s competition watchdog said Tuesday it has slapped US tech giants Amazon and Apple with fines totalling 194 million euros ($218 million) for collusion in the sale of products.

The two firms had agreed to limit the sale of Apple products on Amazon’s Spanish websites by third-party resellers “which restricted competition,” the regulator said in a statement.

Contractual provisions of a 2018 agreement between the companies meant only selected resellers picked by Apple were allowed to sell Apple products on Amazon.es, it added.