Yeah, it was very sweet: Amazon.com apparently got together with the major publishers and they all agreed that the smartest thing to do about this entire electronic publishing thing was to admit that e-books were simply cheaper than dead-tree versions and that pricing should reflect that, because it’s the reader that they’re all here to serve and yes, I’m just bullshitting you; the publishers all settled out of court because the Mighty Antitrust Hammer of Maximum Fun was descending upon all of their heads. But not Apple! Apple decided to stay and fight it out.
In a decision that could reshape how books are sold on the Internet, a federal judge ruled that Apple Inc conspired to raise the retail prices of e-books in violation of antitrust law, and called for a trial on damages.
The decision by U.S. District Judge Denise Cote in Manhattan is a victory for the U.S. government and various states, which the judge said are entitled to injunctive relief.
Apple had been accused of colluding with five publishers to boost e-book prices beginning in late 2009, as the Silicon Valley giant was preparing to launch its popular iPad tablet.
Via Hot Air. The ironic part is, I prefer the iPad to the Kindle Fire when it comes to reading Kindle e-books (the Kindle itself retains its superiority as a read-in-the-sun e-book reader). But you know Apple: they absolutely hate not having full control over everything that ever involved Apple. And it looks like this time, this attitude is going to cost them. Can’t say that I’m broken up about that.
PS: The eventual default price for an e-book is likely to stabilize somewhere between 5 and 10 dollars. Just saying, that’s all.