Wednesday, July 10, 2013

Apple Guilty of Price Fixing

Apple Guilty of Price Fixing

U.S. District Judge Denise Cote has found that Apple is guilty of colluding with five book publishers to fix ebook prices artificially high in the iBookstore, thereby forcing Amazon and other online booksellers to do the same. There's no word yet on how much cash money and concessions Apple will have to fork over, but beyond the punishment, hopefully it will serve as a warning to stave off other online retail conspiracies.

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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/LCv-q0gtX5w/apple-guilty-of-price-fixing-730018979

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