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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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Apple : German watchdog launches new investigation into Amazon - report

10/28/2020 | 01:57pm EST
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City

FRANKFURT (Reuters) - Germany's anti-trust authority has launched an investigation into Amazon and Apple over possible anticompetitive behaviour, German Frankfurter Allgemeine Zeitung daily reported.

Amazon bans some third-party traders on its e-commerce platform from offering certain branded products, and Germany's Federal Cartel Office is investigating whether this complies with German law.

"For some brands all merchants with the exception of Amazon itself and the respective brand manufacturer are excluded," the paper quoted Cartel Office President Andreas Mundt as saying.

Amazon said that it is cooperating with the German authorities, adding it continuously invests to protect its store from illegitimate goods.

Apple said that it was following the law and was looking forward to sharing facts with the German competition authority.

The Federal Cartel Office was not immediately available for comment.

The agreements could offer protection against product piracy. However, bans of third-party dealers must "comply with the principle of proportionality and must not lead to the elimination of competition," Mundt said.

The most prominent example is Amazon's cooperation with mobile phone maker Apple, which only Apple dealerships and Amazon can offer on the platform, he said.

The new probe into Amazon's treatment of third-party dealers comes after Germany's competition watchdog in August launched an investigation of whether and how Amazon influences traders' price-setting on its marketplace.

Germany is Amazon's second-biggest market after the United States. In Germany, third-party traders accounted for 65% of sales in March to May 2020.

Last year, Amazon reached a deal with the German authority to overhaul its terms of service for third-party merchants, prompting the office to drop a seven-month investigation.

(Reporting by Arno Schuetze; Editing by Cynthia Osterman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.51% 3203.53 Delayed Quote.73.37%
APPLE INC. 0.29% 123.08 Delayed Quote.67.17%
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Financials (USD)
Sales 2021 315 B - -
Net income 2021 66 259 M - -
Net cash 2021 80 862 M - -
P/E ratio 2021 31,1x
Yield 2021 0,69%
Capitalization 2 093 B 2 093 B -
EV / Sales 2021 6,38x
EV / Sales 2022 6,02x
Nbr of Employees 147 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 127,20 $
Last Close Price 123,08 $
Spread / Highest target 21,9%
Spread / Average Target 3,34%
Spread / Lowest Target -39,1%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
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