Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Taiwan's Fair Trade Commission (FTC) has fined Apple around $666,700 for price fixing, or rather requiring Taiwanese carriers to obtain Apple's permission before setting contract prices on iPhones. The practice was found to violate Taiwan's free trade laws, but it's the first time the company has been slapped on the wrist for it. [Reuters]