Spanish Competition Authority imposed 194 million Euros fine on Apple & Amazon

The Spanish National Commission for Markets and Competition (CNMC) has, collectively, imposed a fine of 194 million Euros on Apple and Amazon for executing an agreement restricting competition in the market place of Amazon in Spain. According to the agreement, only the resellers designated by Apple were allowed to sell Apple products on Amazon, resulting in loss of an important sales channel for other resellers. Further, advertising clauses disallowed Amazon to advertise products from competing brands during purchase process involving Apple products.