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July 16, 2014: Apple agrees to pay $450 million to resolve the Division of Justice’s antitrust case in opposition to the corporate over e-book pricing within the iBooks Retailer. Within the e-books lawsuit, Apple stood accused of conspiring with 5 main e-book publishers to repair costs on digital books.
In any case 5 publishers settled their claims exterior of courtroom, Apple grew to become the one one to go to trial. The e-books lawsuit settlement closes the e-book on a foul chapter in Apple historical past.
Historical past of the iBooks lawsuit
America v. Apple Inc. antitrust case was filed in April 2012. It accused Apple, the Hachette E book Group, HarperCollins, Macmillan Publishers, Penguin and Simon & Schuster of conspiring to maintain e-book costs excessive.
This got here in response to Amazon’s charging $9.99 for a lot of standard books on its Kindle e-book reader. This upset publishers, who stated the low worth for digital books diminished their revenue margins. Apple, as an alternative, deliberate to promote new books for $12.99 to $14.99 by means of its personal channels. This is able to end in more cash for publishers and Apple alike.
A damning piece of proof surfaced within the type of a dialog between Apple CEO Steve Jobs and know-how journalist Walt Mossberg quickly after unveiling the iPad. Mossberg requested why any buyer would comply with spend $14.99 on an Apple e-book after they might purchase the identical factor from Amazon for $9.99.
“That…
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Author : tech365
Publish date : 2025-07-16 20:48:00
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