Apple Settles over E-Book Fixing Scandal but Is It Good for Consumers?
Though still maintaining its innocence, Apple
has agreed to settle with the Department of Justice
(DOJ) on e-book price-fixing cases in 33 different states. On July 9th this year the technology giant and a group of publishers were found guilty of breaking antitrust laws which meant e-book consumers were left paying up to $3 more for their books.
Back in April, PC World reported that Apple had met frequently with executives from various publishing companies to discuss an agency model, which could raise, fix or stabilize retail prices in a market dominated by Amazon.
“These meetings resulted in an agreement whereby publishers could seize pricing authority from bookstores, pay Apple a 30
[Continue Reading at SavingAdvice.com]