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Apple found guilty of Ebook price fixing . . . Damages to follow !!


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TattooedMac

 
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Apple guilty in e-book price fixing case

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US District Judge Denise Cote in Manhattan found "compelling evidence" that Apple violated federal antitrust law by playing a "central role" in a conspiracy with the publishers to eliminate retail price competition and raise e-book prices.
Quote:
Cote also cited a number of statements from Jobs that the government touted as proof of the conspiracy. These included a Jobs remark to his biographer boasting that the publishers "went to Amazon and said, 'You're going to sign an agency contract or we're not going to give you the books.'"
Read more: Apple found guilty in e-book price fixing case


Hmmm very interesting indeed, but i think we all knew this a long time ago. Will be interesting to see what damages are awarded.

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chscag

 
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I caught that this afternoon. I believe the WSJ also had something about it. Looks like Apple is beginning get involved in the same stuff that MS used to do. Although when you're that big, everyone wants a piece of you.
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Anyone buying ebooks that didn't already know this had their head under a rock.

And why all the publishers conceded defeat and settled.

For Apple to claim it knew nothing and didn't assist the publishers flies in the face of any intelligent individual.

However, Apple was in the position of needing to "play ball" with the publishers or not have ebooks ready to go with the release of their new hardware.
Without the ebooks, magazines, and newspapers on board, the iPad may not have been nearly the success it's turned out to be for them.
Apple was essentially being held hostage by the publishing consortium and they may as well just admit it.

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