Apple Guilty of Fixing E-Book Prices, says Judge

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Published on July 23, 2013 2:32:00 AM ● Video Link: https://www.youtube.com/watch?v=vXwJ_8mbKKs

Duration: 3:03

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Apple colluded with publishers to artificially raise prices, says a federal judge. Previously, Amazon was the dominating force of the e-book market, but according to "overwhelming" evidence, Apple worked with five major publishers to artificially raise e-book prices from a flat $9.99 to $12.99 or $14.99. Apple will obviously appeal this decision, but in the mean time, this could mean a change for consumers. Kim Horcher and Tim Frisch discuss what this means in the big picture.

Read more from Reuters: http://www.reuters.com/article/2013/07/10/us-apple-ebooks-idUSBRE9690GE20130710

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TAGS: Apple, Apple Ebooks, Apple Ebook Prices, Apple Raised Prices, Apple Prices, Apple Ebook Market, Apple Book Publishers, Apple Guilty, Apple Prices, Apple Lawsuit, Apple Class Action, Apple Consumers, Ebooks, Ebook Prices