Welcome to Thunderdome

Price fixing on e-books. I'm sure the sainted Steve Jobs had nothing to do with this.



Edited By Malcolm on 1373478740

Analyst defends Apple. Then starts bringing up shit about federal food subsidies. He seems to be mistaken, though.

The gist of the case is this: At the time Apple entered the e-book market, Amazon held a 90% share of the market and sold e-books for $9.99. After Apple entered the e-book market, Amazon’s market share fell, as did prices of e-books.

They didn't want to lower prices.

Executives from the companies [book publishers and Apple] would meet in the private dining rooms of upscale New York restaurants to bemoan the low prices charged by the ebooks market leader Amazon, and what they could do about it, Cote said in her ruling.

Yep, Apple is the consumer's friend.