Apple and Major Publishers Slapped with Antitrust Lawsuit

By Bizclik Editor

Apple is making headlines again, but not for the release of a new top selling product. Wednesday the U.S. government filed an antitrust lawsuit against the electronics giant and a number of major book publishers, citing their intent to raise electronic book prices, effectively limiting competition in the market.

Details listed in the lawsuit stated, "To effectuate their conspiracy, the publisher defendants teamed up with defendant Apple, which shared the same goal of restraining retail price competition in the sale of e-books.”

E-books, a medium which has experienced an explosive increase in readership in recent years, have been successfully sold by Amazon for an industry low of $9.99. Under the alleged agreement, Apple retaliated, with arrangements settling on a guaranteed 30% commission received for each e-book it sold.

U.S. Warns Apple, Publishers

Amazon’s deeply discounted prices – list prices for newly released e-books are generally $20 – have caused concern among publishers and booksellers who fear the online retailer’s domination of the market could drive down the price of books to a level that would be unsustainable for their businesses. Amazon recently halted support of the Independent Publishers Group, pulling their books from available titles after the distributor was unable to agree to their terms of agreement.


Apple’s new iPad Event Recap

eReaders, Tablets and Digital Tools to Assist in Further Education

Click here to read the latest edition of Business Review USA

Culling up to 90% of e-book sales in recent years, Amazon’s stronghold over the market has been reduced to 60%, publishers estimate. The iBookstore takes 10-15% of sales, with Barnes & Noble’s Nook responsible for 25% of e-book sales. 


Featured Articles

Sustainability, ESG, net zero in focus at must-attend event

Sustainability takes centre stage at two-day hybrid conference featuring thought leaders covering circular economy, scope 3, ESG, B Corp, net zero, DE&I

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Leadership & Strategy

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI