US Department of Justice files charges against Apple for e-book price fixing
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Industry analysts believed that previously-alleged back room deals between the publishing groups and the US Department of Justice had been stopped, it appears that may have been replaced with outright price manipulation. Apple contends its not doing anything wrong, and refuses to entertain any talks of settlement with the US DOJ. Neither Apple or the US Department of Justice are commenting on the subject at this time due to ongoing litigation.
Apple enjoys "favored nation" exclusivity for some of the books they sell on behalf of its publishers, and that exclusivity is now potentially being revoked. We've recently seen the attention Apple has been putting on its textbook business, so this certainly could have a big impact on the sales of that group. Regardless of the outcome of the charges, Amazon and Barnes and Noble seem to be the obvious winners as they have the most to gain out of a more competitive playing field. Electronic books is expected to surpass 1 billion dollars in 2012, so we'll continue to monitor how this plays out.
source: Bloomberg
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14 Comments
1. jmoita2 posted on 11 Apr 2012, 09:58 14
Long overdue,in my opinion. Apple is nothing if not a huge monopoly that wants to extend its tentacles into everything. Way to go,DOJ... Eat it,Apple!!!
6. PhoneArenaUser posted on 11 Apr 2012, 10:23 8
And monopoly is not good for all, even for Apple users.
2. remixfa posted on 11 Apr 2012, 10:04 7
i still dont see why a school would buy an ipad to use as an ereader when a kindle does the same thing for 1/3rd the money. Its not like apple is giving schools a price break of any worth. That digital media book they showed off a few months back was pretty cool, but nothing the competition cant do or one up... and definitely not worth the 300% price mark up per tablet vs a kindle.
3. MorePhonesThanNeeded posted on 11 Apr 2012, 10:09 4
All politics and the usual incompetence that goes along with everything these days. You would think that a publicly funded outfit like public schools would choose the more efficient e reader but no, they choose the most popular and damn near most expensive device...want to bet someone was steering this ship toward the Isle of Apple?
7. PhoneArenaUser posted on 11 Apr 2012, 10:26 1
The same in my country, national television has bought iPads...
12. jmoita2 posted on 11 Apr 2012, 11:03 1
Which country is that?
13. PhoneArenaUser posted on 11 Apr 2012, 11:04 2
10. smallcolabear posted on 11 Apr 2012, 10:39 5
When I was in grade school in the computer lab they always had to newest mac computers but could not give us better playground equipment to use.
11. Giggity posted on 11 Apr 2012, 10:48 2
School spending = taxpayers money
So why not spend it on something totally unnecessary and cut back on extra ciricculum and nutrition lunch
8. pongkie posted on 11 Apr 2012, 10:34 6
Apple this is bad your victimizing children also for profit
