Apple Ebooks Price Fixing

District judge denise cote has found that apple is guilty of colluding with five book publishers to fix ebook prices artificially high in the ibookstore thereby forcing amazon and other. With a full appreciation of each other s interests apple and the publisher defendants agreed to work together to eliminate retail price competition in the e book market and raise the price of. Though apple is not likely to take a major financial hit after the settlement amazon stands to gain upward of 1 billion in revenue.