Apple accused of price-fixing in ebook lawsuit
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Hey there, time traveller!
This article was published 03/06/2013 (4570 days ago), so information in it may no longer be current.
NEW YORK — In a civil case where the words of Steve Jobs play prominently, the government and Apple Inc. are set to square off over allegations Apple conspired with the country’s largest book publishers to make consumers pay more for electronic books.
U.S. District Judge Denise Cote is scheduled to begin hearing the price-fixing case today in Manhattan.
The trial stems from an antitrust lawsuit brought last year by the Justice Department, which accused Apple of helping hatch the scheme at a meeting with publishers in 2009 as it was preparing to launch the iPad. Its purpose was to force Seattle-based Amazon.com to raise the $9.99 price it had set for the most popular ebook titles because that was substantially below their hardcover prices, the government says.
“Apple wanted to sell ebooks to the public, but did not want to compete against the low prices Amazon was setting,” the government wrote in its court papers. “Apple knew that the major publishers also disliked Amazon’s low prices and saw Apple’s potential entry as a pathway to higher retail prices industrywide.”
— The Associated Press