Apple cops $2.55m fine over misleading iPad ads
Thursday 21 June 2012 @ 10.57 a.m. | Corporate & Regulatory
Apple has agreed to cop a $2.25 million fine and pay court costs of $300,000 for running misleading advertisements on its new iPad tablet computers.
The fine and costs, though, amount to about 30 minutes' worth of Apple's global profit.
The tech giant was taken to court by the Australian Competition and Consumer Commission for billing its latest iPad version as “wifi + 4G" when the device did not work on any existing Australian 4G networks.
The case had been adjourned from last week to allow Justice Mordecai Bromberg of the
Federal Court in Victoria to receive some confidential information about Apple's operations
in Australia.
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