AmongTech: Apple has been found guilty of price fixing eBooks by U.S. District Judge Denise Cote in Manhattan. In 2012 Apple got sued for price fixing its eBooks available in the iBook store together with 6 other publishers. Later this month there will be a “trial of damage”.
The agreement between Apple and the publishers was made to beat Amazon’s low book price available for the Kindle, this agreement let publishers set the price for the books and not the retailers, allowing to price books at $9,99 instead of $12,99 – $15,99 boosting Apple’s ebooks sales.
At the “trial of Damage” which will take place later this month, we will most likely see Judge Denise Cote ask Apple to raise its eBook prices