FTC Looking Into Deal Between Amazon and Apple
Late last year, we covered the news of a major partnership between Amazon and Apple. At the time, that deal, which saw the Cupertino-based tech giant bring their latest products onto the ecommerce-shop’s website for the first time, seemed like a major win for both parties—and it was.
Apple expanded its retail presence overnight while Amazon added some of the world’s most popular products to its website. And beyond that, the deal allowed Apple to have greater control over the pricing and availability of its products on Amazon. It was a move intended to help Apple snuff out fake products and shoddily refurbished gear that was being sold at fractions of the cost you’d expect.
And the partnership did just that. But according to a report from The Verge, that deal is being scrutinized by the Federal Trade Commission for potential antitrust violations. According to the report, hundreds of legitimate sellers that were offering low-cost and refurbished (albeit outdated) Apple product have been kicked off the Amazon platform.