Apple has lost a lawsuit in Taiwan against the country's Fair Trade Commission and will be fined T$20 million ($647,124). The Fair Trade Commission had previously levied the fine against Apple for requiring Taiwan telecom partners to receive approval for pricing plans for its popular iPhone series in advance of public release. Apple subsequently countersued and lost the suit.

The court noted that Apple can still appeal, but Apple did not disclose its plans.

The Fair Trade Commission said that Apple limited telecoms from setting contract price for its 4, 4S, 5 and 5S models, which is against Taiwan's law.

In addition to contract prices, Apple also insisted upon approving the telecoms' iPhone subsidies, price differentials between old and new phone models and advertising content, the commission added.