(Reuters) - Apple Inc is rejecting charges that it conspired to fix prices of electronic books, calling the U.S. government's antitrust lawsuit a "fundamentally flawed" endeavor that could discourage competition and harm consumers.
1. In the case of Apple and five major book publishers, the government claims that collusive behavior led to higher e-book prices for consumers, and the participants are being charged with price-fixing.
Apple did not engage in a conspiracy with major publishing houses to boost the price of electronic books, the company’s lawyer said Monday, as the U.S. government’s highly anticipated price-fixing lawsuit against the tech giant kicked off in New York federal court. The case is just the latest example of the U.S. government’s increasingly aggressive antitrust scrutiny of top tech companies, and could have major implications not only for the e-book market, but also for other kinds of electronic media, including music and movies.
Apple Inc. (AAPL) has reached an out-of-court settlement in a civil action lawsuit against e-book price fixing, as per New York court filings. The iPhone maker and five e-book publishers were sued by 33 US states that claimed the company was the key player in the efforts to fix e-book prices.
Amazon may be the leading e-book publisher out there, but Apple's iBook platform is threatening to unravel its dominance. Since Apple released iOS 8 in September, the company has added a million new iBooks customers every week, according to Apple's iBooks director Keith Moerer.
Apple Inc. (NASDAQ:AAPL) came out on top in the digital music antitrust trial on Tuesday, after a US jury acquitted the technology giant of improper conduct in restricting music services that were accessible on the iPod. The trial was based on the fact that at one time Apple changed its policies to restrict music purchases on the iPod to just the iTunes digital store.
The U.S. government has filed an antitrust lawsuit in New York against Apple Inc. and various major book publishers. It claims the publishers conspired with Apple to raise retail electronic-book prices to limit competition.