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Court Says Apple Conspired to Raise E-Book Prices

Jun 30, 2015, 12:19 PM by Eric M. Zeman

A U.S. court of appeals today upheld a ruling from a lower court that found Apple guilty of conspiring with book publishers to raise the prices of e-books. Books were generally priced at $9.99 by companies such as Amazon. Following the launch of Apple's iBook store, prices eventually rose to $12.99 and $14.99 for many titles. The appeals court said the initial ruling was correct, as was the injunction imposed against Apple. Today's ruling means Apple is on the hook for a $450 million settlement with attorneys general in 33 states. One judge dissented, believing that Apple's arrival in the market challenged Amazon, which was at the time the dominant player in the e-book market. Apple did not immediately respond to the ruling, but it marks the final chapter of a lengthy legal case that Apple has not been able to beat.

Reuters »

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redboy

Jun 30, 2015, 1:25 PM

apple verdict on ebooks

just the way it always works. Apple overcharges consumers, and the state governments get 450 million dollars. Wonder how many books they purchased?

T Bone

That's the scam of the class action lawsuit. The lawyers become millionaires and the people who actually got the shaft get a coupon for 50 cents off a frappuccino.

And when it is the government suing 'on the behalf of the consumer', the ripoff is ...
(continues)

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