Accuracy in Media

WASHINGTON — A U.S. district judge in Manhattan, New York has ruled that Apple has conspired to raise e-book prices with five other major publishers.

apple buildingReuters reports that Judge Denise Cote said she had found “compelling evidence” that Apple violated federal antitrust law and played a “central role” in raising retail prices of e-books on consumers.

The five publishers settled out of court, but Apple could be exposed to significant civil antitrust suits. Apple is now found guilty of conspiring to undercut competitive retailer Amazon.com’s e-book dominance to raise prices and cut into Amazon’s 90% share of the e-book market at the time.

Apple had also settled an unrelated antitrust lawsuit in Europe over raising e-book prices.

In a statement after this decision, Apple said it will appeal the verdict.





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