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US Court condemns Apple for conspiracy to raise the price of e-books
The New York District Court convicted Apple America for plotting with a group of publishers to raise retail prices for e-books.
Denis Cote ruled that u.s. District Court judge violated the “Apple” of antitrust laws in the State after their involvement with five major publishers are “Hachette” and “HarperCollins, Macmillan, Penguin and Simon & Schuster” in raising the prices of e-books and bestsellers of 2010.
And Apple colluded with publishers to raise prices of e-books from $ 9.99 to $ 12.99 and $ 14.99 amounts, so as to eliminate the price set by Amazon store to sell e-books.
Judge Denise Cote said “Apple played a pivotal role in the plot of the five publishers to raise prices, and the plot hatched in two months of negotiations before the launch of iPad and iBook store in 2010.
The judge added that “Apple” not entering into competition with Amazon, it facilitated the implementation of plot publishers to end Amazon low pricing for e-books, launched “no shop” store which included books by high prices.
The judge said that there was a court hearing will be held later to determine the damage caused by the plot, and the adoption of sanctions, however, Apple plans to appeal the decision of the Court.
A spokesman for the “Apple” commenting on the Court decision that his company was conspiring to raise the price of e-books and that the accusations against his company.
The Apple is the only one that decided to appeal the decision where publishers, representing the party of the second part in the plot, to compromise with the judicial authorities.
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