15 Nov 2017 17:33

FAS says identical iPhone 8 prices due to market, not price fixing

MOSCOW. November 15 (Interfax) - Russia's Federal Antimonopoly Service (FAS) has decided against initiating a case for price fixing for iPhone 8 sales and says identical store prices are the result of demand exceeding supply.

"The FAS checked the arguments contained in a complaint by a citizen on potential price fixing between distributors of the Apple iPhone 8 64GB smartphone and resellers of that model and said that resellers setting identical prices when sales begin could be the result of increased demand for the new smartphone model exceeding supply," the FAS press office told Interfax.

The agency said that prices for the iPhone will begin to differ more after a certain amount of time passes following the launch of the new model on the Russian market.

"Because the smartphone model Apple iPhone 8 64 GB started being sold in Russia on September 29, 2017, in other words a little over a month ago, it's not possible to make a conclusion about there being signs of antimonopoly legislation not being violated either," the FAS representative said.