Apple Found to Have Conspired to Fix E-Book Prices

Discussion in 'Apple iPad News' started by Maura, Jul 10, 2013.

  1. Maura

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    iPadForums News Team

    Jun 7, 2010
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    Breaking news today from New York had Apple once more trending worldwide, but this time it was not for the release of a new iPhone or iPad, but rather because, as Mashable reports, a New York district judge has held up a complaint that Apple was guilty of conspiring with publishers to fix the retail prices of e-books, and thus breaking antitrust and state laws. Here’s what U.S. District Judge Denise Cole said about the ruling, courtesy of Mashable:
    [FONT=&amp]Apple was the only one of the named companies that defended the case in court, with the five publishers in question (Hachette, HarperCollins, Macmillan, Penguin, and Simon & Schuster) all settling with the Department of Justice and the 33 relevant states out of court. Damages to be paid by Apple will be determined in another trial. [/FONT]

    [FONT=&amp]Apple has issued the following statement strongly denying the result of the ruling and saying that it intends to appeal. [/FONT]

  2. s2mikey

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    iPad Ninja

    Oct 12, 2011
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    Pretty disappointing, IMO. It makes you wonder what else is going on behind closed doors at Apple and various other companies too. They make so much money on reeks of excessive greed. It's not like they are operating on razor thin margins or something. Far from it.

    I wonder what the reaction will end up being? Everyone wanted Bill Gates head on a skewer over the Internet explorer fiasco and that wasn't even close to something as nasty as price fixing. I dunno, it's just lame. The moral of the story is that every giant company exists to squeeze every last cent possible out of every possible mechanism they get their hands on. Yeah, I know, that's capitalism or whatever. Doesn't make it feel any better though. Bleh. :(

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