Saturday, April 19, 2014

Follow us:
Follow @NY1 on Twitter Subscribe to this news feed 

News

NY Judge: Apple Conspired To Raise E-Book Prices

  • Text size: + -
TWC News: NY Judge: Apple Conspired To Raise E-Book Prices
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

A federal judge on Wednesday ruled Apple conspired with book publishers to raise e-book prices when the it entered the market in 2010.

Manhattan Judge Denise Cote says the evidence in the case left no doubt Apple broke anti-trust laws.

She says Apple knew no publisher could risk acting alone against Amazon.com's $9.99 price for the most popular e-books, so the company, "created a mechanism and environment that enabled them to act together in a matter of weeks to eliminate all retail price competition for their e-books."

The government previously reached settlements with five publishers.

Apple denies it fixed prices and says it will keep fighting the charges.

Another trial will determine whether Apple has to pay any damages.

10.11.12.247 ClientIP: 54.204.163.26, 23.62.6.93 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP