Apple Settles Case on price e-books

Jun

17

2014

Apple has reached a settlement in a lawsuit about manipulating the price of e-books. It is not known what the exact terms of the settlement, but it is certain that Apple millions in damages it occurs.

Apple logo Apple, according to prosecutors, U.S. regional governments and complaining consumers, illegal price agreements made with book publishers. The complainants claimed $ 840 million in damages, which thus prevents the settlement with Apple, writes the financial news agency Bloomberg.

The exact details of the settlement are confidential; it is not clear whether and how much Apple pays up to consumers and government, and whether the company is something compulsory. That did happen in a similar case in the European Union, where Apple was also accused of manipulating the price of e-books. Thereby promised Apple recovery.

Apple was in both the United States and Europe accused of having inflated., The price of e-books Apple dropped the price of book publishing e-books determine which classification itself 30 percent. Therefore had to include Amazon increase the prices of its e-books; Apple signed contracts with publishers in which they are forced to give Apple. Lowest price

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