Customers include Amazon and Apple get money back for inexpensive e-books

Jun

21

2016

Mainly US customers from Amazon, Barnes & Noble, Kobo and Apple get money back due to expensive e-books between 2010 and 2012. The recovery is a result of the lawsuit against Apple and major publishers due to the increase of the prices of e-books .

Through an agreement between Apple and the publishers were paying customers between 2010 and 2012 instead of the $ 9.99, for example, wanted to charge Amazon $ 12.99 or $ 14.99. Each book into the bestseller list of The New York Times is getting customers back $ 6.93, other books is $ 1.57, says the law firm that led the charge.

Customers automatically get the money back into the account, after which they can spend that amount on new products offered by the merchants involved. If customers in Benelux are recovering the money will that there are not many. The refund is only about US accounts. In Europe, Apple has struck another settlement , which was no refund.

The case began after Apple had tried to make arrangements with a standard with a number of publishers. Part of the agreement was that the publishers through a model-agency itself could determine the prices of e-books, where Apple would get 30 percent of the price. This strategy was intended to challenge the monopoly of Amazon in the market for e-books. However, according to the US Department of Justice had this behavior the character of price-fixing and they also had the effect of e-books prices rose . In total, Apple needs $ 450 million, converted currently around 396 million, pay, which in addition to the reimbursement fees are also included for example the legal fees.

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In: Technology & Gadgets Asked By: [15176 Red Star Level]

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