Apple Guilty of E-Book Price Fixing

Conspiracy

Updated Apr. 21, 2017 9:52AM EDT / Published Jul. 10, 2013 10:29AM EDT

Leon Neal, AFP / Getty Images

Apple is guilty of colluding with book publishers to raise prices for e-books, according to a federal judge, in a decision that will affect how books are sold online. In 2010 Apple and the publishing industry tried to fight Amazon’s dominance of the e-book market by working out a deal that would let publishers set their own prices for e-books sold through Apple, allowing them to raise the cost above Amazon’s $9.99 price point. But in 2012 the Justice Department charged Apple, along with five of the six major publishers, with violations of anti-trust law. The publishers settled, but Apple decided to fight the charges. The judge ruled against Apple and called for a separate trial to determine damages.

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Apple Guilty of E-Book Price Fixing

Leon Neal, AFP / Getty Images