Italian court scraps fines on Apple, Amazon over alleged sales collusion: report
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An Italian court has scrapped a fine on both Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) that was previously imposed by Italy's antitrust agency, the Italian Competition Authority, Reuters reported.
The news outlet noted that the 2021 fine placed by the Italian Competition Authority totaled 200M Euros, or $195.3M. The fine was due to an alleged anti-competitive cooperation over Apple and Beats products.

Amazon, Apple and the Italian Competition Authority did not immediately respond to a request for comment from Seeking Alpha.
In 2018, the two companies announced a deal that would allow Amazon to sell iPhones, iPads, Macs and other devices on the e-commerce site.
On Friday, investment firm Evercore said that the lead times for Apple's (AAPL) iPhone 14 Pro models are actually expanding, indicating strong demand.