Source: [url]http://money.cnn.com/2012/04/11/technology/apple-doj-ebooks/index.htm?hpt=hp_t1[/url]
[quote]
The U.S. Department of Justice on Wednesday brought a lawsuit against Apple and several publishing companies over a scheme to fix e-book prices, a source with knowledge of the investigation told CNNMoney.
The suit likely stems from the 2010 release of the iPad, when Apple reached an agreement with five publishers to release books on its then-new iBookstore.
A similar investigation led by the European Commission is probing whether Apple colluded to raise the price of e-books with CBS's (CBS, Fortune 500) Simon & Schuster, News Corp.'s (NWS) HarperCollins; Hachette Book Group; Pearson (PSO)'s Penguin unit and Macmillan.
Before the release of the iPad, Amazon's (AMZN, Fortune 500) Kindle was the preeminent e-book reader on the market. Amazon forced publishers to sell most books at $9.99 -- a price that came in below the cost of the books.
Apple's (AAPL, Fortune 500) agreement placed many books at so-called "agency pricing," putting them on the market for about $12.99 and giving Apple a 30% cut. Soon after that, Amazon allowed publishers to set their own prices, resulting in higher prices on the Kindle as well.
The DOJ is set to announce its lawsuit at noon, the source said. Apple and the Department of Justice declined to comment.
A class action lawsuit filed in California District Court last summer on behalf of Kindle consumers first alleged a conspiracy. According to the lawyers that filed the suit, booksellers were "terrified" by the discounted e-book price structure Amazon launched in 2007, when it sold many titles for $9.99.
The spooked publishers went to Apple around the time of the iPad's release, the suit alleges, to find a way to force Amazon to raise its prices.
Amazon still has regular skirmishes with publishers over rates it considers too high. In February, the company yanked distributor IPG's digital books from its Kindle store after a dispute over terms of their contract.
[/quote]
Good news.
Snip sorry faze
[QUOTE=fruxodaily;35526159]Something bad happened to apple
Faze is OP
Would of never guessed[/QUOTE]
This is...different. For once it's not straight up biased shit. It's actually something that is happening, and is totally fair for them to have happen to them.
Something is wrong, this is like Glaber posting praise for Obama.
[QUOTE=fruxodaily;35526159]Something bad happened to apple
Faze is OP
Would of never guessed[/QUOTE]
For once he's actually not all-out flaming AND he posted something that's actually relevant and serious.
So I think you're worthy of the dunce hat instead of him.
[QUOTE=hexpunK;35526274]This is...different. For once it's not straight up biased shit. It's actually something that is happening, and is totally fair for them to have happen to them.
Something is wrong, this is like Glaber posting praise for Obama.[/QUOTE]
I know about the ebook shit because I own an iPad, obviously.
[t]http://i.imgur.com/5nmKY.jpg[/t]
Call me a cheap ass but I'm not spending $9-10 on a fucking ebook for an iPad
[editline]11th April 2012[/editline]
Also
[t]http://i.imgur.com/f0cOt.jpg[/t]
It's insane
[QUOTE=fruxodaily;35526402]I know about the ebook shit because I own an iPad, obviously.
[t]http://i.imgur.com/5nmKY.jpg[/t]
Call me a cheap ass but I'm not spending $9-10 on a fucking ebook for an iPad
[editline]11th April 2012[/editline]
Also
[t]http://i.imgur.com/f0cOt.jpg[/t]
It's insane[/QUOTE]
It's bloody awful pricing. One of the reasons I just refuse to use e-books is the pricing of them. Plus it just feels nicer to read a paper book to me.
[QUOTE=hexpunK;35526447]It's bloody awful pricing. One of the reasons I just refuse to use e-books is the pricing of them. Plus it just feels nicer to read a paper book to me.[/QUOTE]
I like the feature, it's a good neato value to the iPad but the way apple handles the payments is shocking
Oh so this isn't actually just about Apple. I thought i finally found a thread not made to bash Apple.
I don't see the problem with the prices. If you can get them cheaper somewhere else, go get them there, otherwise you can choose to not buy them so that they will lower the prices.
Doesn't surprise me
[QUOTE=sami-pso;35527294]Oh so this isn't actually just about Apple. I thought i finally found a thread not made to bash Apple.
[B]I don't see the problem with the prices. If you can get them cheaper somewhere else, go get them there, otherwise you can choose to not buy them so that they will lower the prices.[/B][/QUOTE]
Annndd [B]THAT'S[/B] why they're getting sued over price fixing, since that means they're keeping the price on things (in this case E-books) artificially high.
So if you can't see the problem with that, then go see a Optician since you apparently need some damn thick specs.
I don't actually know anyone who does read books on the Kindle, let alone the iPad. And those prices are ridiculous if you bear in mind that there aren't any printing costs and so on, so good they've been caught.
Thank god someone is doing something about this.
The average price for ebooks went up from 10 to 12-15 dollars because of this price fixing... even on Amazon!
e-books are wack
[url]http://www.theverge.com/2012/4/11/2941053/inside-the-dojs-ebook-price-fixing-case-against-apple-an-analysis[/url]
"you set the price, and we get our 30 percent, and yes, the customer pays a little more, but that's what you want anyway."
-Steve Jobs
THANKS STEVE
Seems even the original price wasn't low enough. I can walk to a normal book store and buy a new book for $7.99.
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