Apple Will Pay $450 Million for Conspiring to Fix Ebook Pricing

Appleviolated federal antitrust lawin a conspiracy with five al-Qur’an publishers to limit ebook prices , according to the 2d U.S. Circuit Court of Appeals . The court end a long - die hard legal battle with a big black eye to Apple , calling its ebooks Mary Leontyne Price - fixing schema “ the supreme wickedness of antitrust . ”

Apple is a rife violence in so many digital mart , but when it come up to ebook sales , it ’s a modest fish compared to Amazon . That did n’t stop the courtroom from finding Apple guilty . With this decision , the company must devote consumers $ 450 million in a related conditional class - action resolution .

This rulingupholds a 2013 decisionthat found Appleguilty of conspire with book publishersto raise ebook pricesin ordering to screw Amazon and other script retailers . “ We conclude that the territorial dominion court right decided that Apple orchestrate a conspiracy among the publishers to raise ebook prices , ” the 2 - 1 motor lodge decisionreads .

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Since Amazon was dominate the ebook sales industry by setting low $ 10 prices for books , Apple tried tochange the bet fieldby working with publishers to make indisputable they would n’t agree to Amazon ’s pricing plate . The publishers involved — the so - called “ big five ” Harper Collins , Penguin , Simon & Schuster , Hachette and Macmillan — settled before trial , but Apple defy .

After the guilty determination in 2013 , the Department of Justice and 33 state attorneysproposed that Apple break its agreements with publishersand permit companies like Amazon to tie to their own bookstores . Apple was not down with that . Itcalled the DOJ ’s proposala “ draconian and punitive encroachment ” and filed for entreaty , preserve that it did n’t breach antimonopoly law . That scheme backfire today .

“ Apple did not collude to get ebook pricing and this ruling does nothing to change the fact . We are let down the Court does not pick out the invention and choice the iBooks Store make for for consumers . While we desire to put this behind us , the case is about principles and values . We jazz we did nothing wrong back in 2010 and are value next steps , ” an Apple spokespersontoldFortune .

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