this is some pretty great news... I hope the consumer wins out in this.
Read more: http://www.politico.com/news/stories/0412/75035.htmlAmazon was force-fed a poison Apple.
That’s the charge from federal prosecutors, who on Wednesday filed an antitrust suit against the iPad2-maker over allegations that the computer company and five publishers of engaging in a “conspiracy to limit e-book price competition” to prevent Amazon from discounting digital books for its Kindle e-reader. Consumers picked up the tab...
The government suit outlines a scheme under which Apple hatched a pricing arrangement with book publishers that violated antitrust laws and caused e-book customers to pay “tens of millions of dollars more for e-books than they would have otherwise paid.”
“Together, Apple and the Publisher Defendants reached an agreement whereby retail price competition would cease (which all the conspirators desired), retail e-book prices would increase significantly (which the Publisher Defendants desired), and Apple would be guaranteed a 30 percent ‘commission’ on each e-book it sold (which Apple desired).”