Spain Fines Apple and Amazon $218 Million For Restricting Competition in Online Sales of Apple Products

Spain's antitrust regulator fined Apple and Amazon for colluding to limit competition in the sale of Apple products on Amazon's Spanish website.
The companies signed a deal in 2018 that included clauses restricting the number of Apple authorized resellers on Amazon Spain.
Over 90% of existing Apple device retailers were blocked from selling on Amazon Spain as a result.
Amazon also limited advertising for Apple's competitors, leading to increased Apple device prices online in Spain.
Both Apple and Amazon plan to appeal the fines totalling $218 million imposed by the Spanish regulator.