Apple and Amazon are being sued for raising iPhone and iPad prices
Two big companies are being sued for hiking the prices of iPhones and iPads. Here's all we know.
In the United States, Apple and Amazon are being sued. The reason is quiet interesting. Companies are sued for allegedly driving out resellers from the latter's e-commerce platform and raising prices for Apple's consumer electronics.
Apple and Amazon are being sued for raising iPhone and iPad prices
Apple introduced their brand new iPhone series this year. iPhone 14 series has captured everyone's interest, yet some interesting new about these series' prices have arrived. In the United States, a class action antitrust lawsuit has been filed against the two tech giants for collaborating to raise the prices of iPhones and iPads.
Allegedly by removing nearly all other resellers of new Apple products, such as the most recent iPhones and iPads, from the Amazon online store website, both businesses accomplished to hike the prices. According to the allegations in this lawsuit, in exchange for allowing only seven of Apple's 600 resellers to remain on the e-retailer's platform, Apple offered Amazon a 10% discount on all of its products. To put it another way, as a result, Amazon became the website's primary retailer of brand-new iPads and iPhones. According to the complaint, the iPhone maker focused on stabilizing prices for its retail stores after the two companies made this move, which resulted in price increases of up to 10% for some Apple products.
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