Apple guilty of e-book price fix

Apple conspired with publishers to fix the price of e-books, a US judge has ruled. Apple has said it would appeal against the ruling and fight "false allegations".

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In summary: Apple e-book price fixing case

  • Apple took part in a conspiracy with five publishers to fix the price of electronic books and stifle competition, a US judge has ruled.
  • It was said to be designed to target Amazon's practice of selling e-books for as little as $9.99, and keep prices up.
  • An antitrust suit was filed against Apple by the US Department of Justice, 33 US states and territories in April 2012.
  • Executives for Apple, the publishers and Amazon.com provided testimony at a hearing in New York.
  • Penguin settled its case for $75m (£49m). Hachette, HarperCollins and Simon & Schuster created a $69m fund for refunds to consumers, and Macmillan settled for $26m, according to the BBC.
  • The damages to be paid by Apple will be decided at a future hearing.

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