Violation Tracker Global

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Violation Tracker Global: Individual Record

Company: Apple
Current Parent Company: Apple Inc.
Parent at the Time of the Penalty Announcement: Apple Inc.
Jurisdiction: Italy
Region: Europe
Penalty Currency: Euro
Penalty Amount in Original Currency: 10,000,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $11,467,200
Year: 2018
Date: October 24, 2018
Agency: Italian Competition Authority-AGCM
Offense Group: consumer-protection-related offenses
Offense Category: unfair commercial practices
Description: AGCM ascertained that companies of Samsung group and Apple group carried out unfair commercial practices in violation of the Consumer Code in relation to the release of some firmware updates for their mobile phones which caused serious malfunctions and significantly reduced their performance, in this way speeding up their replacement with more recent products.
HQ Country of Current Parent: USA
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: computers
Source of Data: (click here)
VTG Record ID: VTG24-70762