Top Leaderboard, Site wide
Shop the Truthdig Gift Guide 2014
December 24, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!

Truthdig Bazaar
Why the Middle Ages Matter: Medieval Light on Modern Injustice

Why the Middle Ages Matter: Medieval Light on Modern Injustice

By Celia Chazelle (Editor), Simon Doubleday (Editor), Felice Lifshitz (Editor), Amy G. Remensnyder (Editor)

The Israel Lobby and U.S. Foreign Policy

The Israel Lobby and U.S. Foreign Policy

By John J. Mearsheimer and Stephen M. Walt

more items

Ear to the Ground

Apple Rigged Book Prices, Judge Rules

Email this item Email    Print this item Print    Share this item... Share

Posted on Jul 10, 2013
Photo by Glenn Fleishman (CC-BY)

When Apple decided to get into the e-book business, it joined a conspiracy with major publishers to raise book prices as much as 50 percent, a judge determined Wednesday.

Apple says it will appeal and argues that, on the contrary, its entry into digital book-selling helped offer consumers greater choice in a market dominated by Amazon.

Amazon, however, kept prices low, at $9.99 a book (ironically mirroring Apple’s business model in the music business). Amazon could force publishers to keep prices low as long as it was the only viable market for their wares. When Apple launched the iBooks store, publishers simultaneously raised their prices.

“Apple is confronted with the fact that the conspiracy succeeded. It not only succeeded, it did so in record-setting time and at the precise moment that Apple entered the e-book market,” said U.S. District Judge Denise Cote.

Cote said comments from Apple’s late CEO Steve Jobs, who said one day all book prices would be the same, helped lose the company the case.

—Posted by Peter Z. Scheer

More Below the Ad


Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Right 1, Site wide - BlogAds Premium
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
Join the Liberal Blog Advertising Network

A Progressive Journal of News and Opinion   Zuade Kaufman, Publisher   Robert Scheer, Editor-in-Chief
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook