CNMC Says Two Companies Unjustifiably Restricted The Number Of Resellers Of Apple Products On Amazon's Website In Spain; They Also Limited Advertising Space Where Competing Apple Products Can Be Advertised On Amazon's Website In Spain
Portfolio Pulse from Happy Mohamed
Spain's National Commission on Markets and Competition (CNMC) has accused two unnamed companies of unjustifiably restricting the number of resellers of Apple products on Amazon's website in Spain. The companies also allegedly limited advertising space for competing Apple products on Amazon's website in Spain.
July 18, 2023 | 12:28 pm
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NEGATIVE IMPACT
Apple could face regulatory scrutiny in Spain due to allegations of unjustified restrictions on the number of its product resellers and limited advertising space for competing products on Amazon's website.
The allegations, if proven true, could lead to regulatory actions against Apple in Spain, which may negatively impact its business operations and reputation in the region. This could potentially lead to a decrease in Apple's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Amazon could face regulatory scrutiny in Spain due to allegations of unjustified restrictions on the number of Apple product resellers and limited advertising space for competing products on its website.
The allegations, if proven true, could lead to regulatory actions against Amazon in Spain, which may negatively impact its business operations and reputation in the region. This could potentially lead to a decrease in Amazon's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75