Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 14 February 2013 11:03

Apple faces the music for price fixing

Written by Nick Farrell



Expects the government to do what it is told

Apple is testing its reality distortion field against the US government. The company has been sued by the US government for running a price fixing cartel with four key publishers which was designed to keep the price of e-books inflated.

Apple CEO Steve Jobs was so proud of the cartel that he bragged about it to his biographer. The government managed to get the others involved in the cartel to confess and pay up a fine. Apple refused, after all Steve said it was ok to take money from users, so it must be true. Besides, Amazon is a monopoly and Apple’s cartel stopped it taking too much of the industry. It is not clear what Apple hopes to gain from fighting the case. It is incredibly high stakes and the US government will probably through the ebook at it.

The Justice Department alleges that Apple came to agreements with each of the publishers meant to ensure that e-book prices at its iBookstore and other retailers would remain higher than those offered by Amazon.com. At the Apple trial, to be overseen by U.S. District Judge Denise Cote in Manhattan, the Justice Department will seek not monetary damages but a judicial decree that Apple violated antitrust law. Government lawyers want the judge to issue an order enjoining Apple from engaging in any conduct similar to that alleged in the case.

While this seems like nothing really, it would open the way for Jobs’ Mob to be sued by Amazon and other publishers. Apple and the publishers already face a class-action suit filed on behalf of consumers and a similar suit filed by dozens of state attorneys general. The Consumer Federation of America thinks that e-book price fixing cost consumers more than $200 million in 2012. State and federal antitrust laws allow plaintiffs to recover triple the amount of actual damages established at trial.

All that Jobs’ Mob can be hoping is that the jury are all Apple fanboys and its reality distortion field will hold.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments