Spain takes a swing at big tech

Emre Çitak
Jul 19, 2023
Amazon, Apple
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Apple and Amazon have been fined €194.1 million ($218 million) by Spain's antitrust watchdog for colluding to limit the online sale of devices from Apple and competitors in Spain.

The investigation into alleged price-fixing took two years to complete and follows similar ones in Germany and Italy.

The fine is the latest in a series of antitrust cases against Apple, which has been accused of anti-competitive behavior in several countries.

Spain CNMC fine Apple and Amazon
Spain's CNMC has fined Apple and Amazon for €194.1 million

Spain loves fair competition

Spain has a long history of protecting fair competition in the marketplace. The country's antitrust watchdog, the CNMC, has a mandate to ensure that businesses do not engage in anti-competitive practices that harm consumers. In recent years, the CNMC has been particularly active in taking on tech giants like Amazon and Apple.

In 2019, CNMC fined Amazon €260 million for abusing its dominant position in the online retail market. The watchdog found that Amazon had been using its market power to force suppliers to offer lower prices on its platform, which had the effect of driving out competition.

The CNMC's latest fine against Amazon and Apple is a further sign of the watchdog's commitment to fair competition.

The fine sends a clear message to these companies that they will not be allowed to engage in anti-competitive practices in Spain as just a few days have passed since FTC sued Amazon over Prime's dark patterns.

Spain CNMC fine Apple and Amazon
The amount of fine may sound like a lot but we are talking about big tech here

Will Amazon and Apple really be impacted by this fine?

It is unlikely that the fine will have a significant impact on Amazon or Apple.

Both companies are incredibly profitable, and the fine represents a relatively small percentage of their overall revenue.

However, the fine is still a significant victory for the CNMC.

It shows that the watchdog is willing to take on even the biggest tech giants, and it sends a message to other companies that they should not engage in anti-competitive behavior in Spain.

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Comments

  1. John G. said on July 19, 2023 at 3:43 pm
    Reply

    Thanks for this article! :]

  2. Howard Allan Pearce said on July 19, 2023 at 10:39 am
    Reply

    I support Freedom of Association as a social right and a civil right !
    Including market associations that may include what one decides to sell in one’s store !!!

    Anti-trust laws require these associations to be “approved” by the state !

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