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Italy's antitrust recalculates Apple, Amazon fines after "material error"

01/20/2022 | 11:35am EDT
Amazon logo at the company's logistics center in Bretigny-sur-Orge

ROME (Reuters) - Italy's antitrust regulator said on Thursday it had recalculated the fines for U.S tech giants Apple and Amazon due to a "material error" in the first calculation.

The fines now amounted to 114.7 million euros ($130.04 million) for Apple and 58.6 million euros for Amazon, down from 134.5 million euros and 68.7 respectively, the watchdog said in a statement.

The authority had said in November it had fined the two groups for allegedly engaging in anti-competitive cooperation in the sale of Apple and Beats products.

($1 = 0.8821 euros)

(Reporting by Giulia Segreti,e diting by Gianluca Semeraro)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 2.20% 2262.76 Delayed Quote.-33.53%
APPLE INC. 2.15% 148.5927 Delayed Quote.-18.04%
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Financials (USD)
Sales 2022 394 B - -
Net income 2022 99 897 M - -
Net cash 2022 63 669 M - -
P/E ratio 2022 23,7x
Yield 2022 0,62%
Capitalization 2 356 B 2 356 B -
EV / Sales 2022 5,82x
EV / Sales 2023 5,44x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 145,54 $
Average target price 189,55 $
Spread / Average Target 30,2%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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