Apple guilty of e-books price fixing

Written By Unknown on Rabu, 10 Juli 2013 | 22.11

A New York judge has ruled that Apple conspired with major publishers to raise electronic book prices higher than they should otherwise have been.

Federal Court Judge Denise Cote rejected the argument presented by Apple's lawyer Orin Snyder that a guilty verdict would set a "dangerous precedent." The judge concluded the company had indeed conspired with book publishers when it got into the e-book market in 2010.

Among the accusations brought forth by the Department of Justice were that Apple's behaviour directly led to the end of Amazon.com's policy of selling e-books for $9.99.

In a statement, Apple spokesman Tom Neumayr said the company would fight the "false accusations" and added that Apple brought much-needed innovation and competition to the e-book space when it starting selling them three years ago.

The case was filed last year against Apple and major book publishers, five of which have already settled with the government out of court.

The court will now decide on damages, but Apple is likely to appeal regardless.


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