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As expected, the DOJ is filing suit against Apple (AAPL) over allegedly colluding with...

As expected, the DOJ is filing suit against Apple (AAPL) over allegedly colluding with publishers to fix e-book prices. The outcome of the suit is likely a bigger deal for Amazon (AMZN) than for Apple, given its interest in regaining control over Kindle e-book prices.
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Comments (6)
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    They're all crooked, is their any company on the planet left with any integrity
    11 Apr 2012, 10:06 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    of course this is what the current DOJ is all about - suing states, suing US companies, suing job creators;
    and yet vigilante new black panther groups roam the street at will threatening to kill american citizens and DOJ is no where to be seen
    11 Apr 2012, 10:24 AM Reply Like
  • Bill West
    , contributor
    Comments (98) | Send Message
     
    Right ON Mark!!!!

     

    I'm sure the Apple legal staff is scared to death of the department of injustice lawsuit and their resident moronic attorneys.

     

    Black panthers PHL, Fast and Furious, GSA, black panther bounty killer conspiracy FL, but what the hell do we know............

     

    .................
    11 Apr 2012, 11:49 AM Reply Like
  • jcaesar
    , contributor
    Comments (26) | Send Message
     
    Wow, is this a Teabagger convention here? Mark and Bill are hilarious. Imagine if AAPL actually fixed prices. Guess that wouldn't matter.
    11 Apr 2012, 07:44 PM Reply Like
  • Bill West
    , contributor
    Comments (98) | Send Message
     
    I suppose you think bag holder is doing a great job at the department of injustice..........
    12 Apr 2012, 01:03 PM Reply Like
  • flumeride
    , contributor
    Comments (285) | Send Message
     
    Apple didn't fix prices. Amazon had set all prices at $9.99. Apple said it would let the publishers set whatever price they want and Apple would get 30%. It's simple. If you don't like the price, don't buy the book. How is this different than Barnes and Noble? Go buy a new book there. Many of the new issues are only available in hard back and generally go for about $25.

     

    Under the Amazon model, Amazon is setting (or fixing) the price. Some books were losing money and some books were making money. The publisher wasn't given a choice except whether to sell the book according to Amazon's pricing scheme. So most publishers preferred the Apple scheme which is how they have been doing business in the hard copy world for years.
    13 Apr 2012, 05:00 AM Reply Like
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