US blames Apple for driving up e-book prices
US blames Apple for driving up e-book prices
A US government lawyer has accused Apple of teaming with publishers in 2010 to drive up the prices of electronic books.

New York: A US government lawyer has accused Apple Inc. of teaming with publishers in 2010 to drive up the prices of electronic books.

The Justice Department attorney, Lawrence Buterman, opened a New York trial by telling a judge Monday that Apple's scheme cost US consumers hundreds of millions of dollars. He says a dramatic price increase was encouraged by Apple's late founder, Steve Jobs. Buterman said the conspiracy was meant to end Amazon.com's $9.99 pricing scheme for e-books.

The nonjury trial is expected to last several weeks.

Lawyers for Cupertino, California-based Apple say the allegations are based on "faulty assumptions and unfounded conclusions."

Five publishers named in the lawsuit have settled. The judge had urged Apple to do the same.

What's your reaction?

Comments

https://umatno.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!