News Apple Hits With Federal Lawsuit over e-books

News: Apple Is Accused Of Federal Lawsuit over e-books

According to a complaint filed by the U.S. Department of Justice, Apple along with a handful of publishers including Simon & Schuster and Hachette Group, are accused of conspiring to fix prices for e-books ahead of the 2010 launch of the iPad tablet and iBookstore.

Before the iPad came along, publishers had complained that Amazon’s $9.99 price for e-books was too low. When the iPad made its debut, most e-books sold by Apple were priced at $12.99, and the publishers were allowed to set their own prices: This is mostly known in the industry as the “agency model.

This policy soon forced Amazon to follow suit and raise prices for e-books on the rival Kindle as well and as a result, the original action by Apple led to an increase in the prices of digital editions.

Apparently the new developments are the result of a class action lawsuit filed in California District Court last summer by Kindle consumers to allege a conspiracy.

Instagram Feed Instagram Feed Instagram Feed Instagram Feed Instagram Feed Instagram Feed

Log In

Enter username or email
More Stories
Thriller Book Review Unnatural Acts By Stuart Woods
Thriller Book Review: Unnatural Acts By Stuart Woods