iPhone News Desk
Apple Guilty of Colluding on E-Book Pricing, Judge Says
Apple is bound to appeal after the court fixes on a penalty next week
By: Maureen O'Gara
Jul. 11, 2013 09:00 AM
A US federal judge Wednesday found Apple guilty of colluding with five publishers and artificially driving up the price of e-books before it entered the market with the debut of the iPad in 2010.
Apple is bound to appeal after the court fixes on a penalty next week.
The Justice Department claimed Apple let the publisher set higher prices on bestsellers and new releases as a way to offset Amazon's low $9.99 price point on the same books. As a result the DOJ said e-book prices in general rose to $12.99-$14.99.
The publishers settled with the government ahead of trial but a resolute Apple, apparently acting on principle, refused to settle and denied any price-fixing.
It did settle with the European Commission last year without admitting any wrongdoing.
The judge's 160-page ruling said, "The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy. Without Apple's orchestration of this conspiracy, it would not have succeeded as it did in the spring of 2010."
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