The verdict is in: Judge says Apple conspired to raise eBook pricing, calls for damages trial
Reports are just emerging that the Judge in the Apple eBook pricing case has reached a verdict, and it's not the one that Apple would want to hear. Judge Denise Cote has ruled that Apple did conspire to raise the prices of eBooks, and has called for a damages trial according to Reuters:
"The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy," Cote said.
Amazon at that point was the major player in the eBook market, but the U.S. Department of Justice claims that Apple and some of the leading publishers conspired together in a move to try and undercut that dominance. Since the verdict, Apple spokesperson Tom Neumayr has confirmed to AllthingsD that they intend to appeal the decision:
"Apple did not conspire to fix ebook pricing and we will continue to fight against these false accusations. When we introduced the iBookstore in 2010, we gave customers more choice, injecting much needed innovation and competition into the market, breaking Amazon's monopolistic grip on the publishing industry. We've done nothing wrong and and we will appeal the judge's decision."
There's a clear case to both sides of the argument, though what happens next only time will tell. What's your take on all this? Do you think it's a fair verdict, or is Apple absolutely right to appeal?
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