Sunday, August 3, 2014

Apple will pay $ 450 million for conspiring with book publishers

Unlike Amazon, Apple earns a good idea to sell directly to the iPhone and iPad. In the first case the whole profit is based mainly on the sale of content and services to the final consumer, the very same piece of hardware is the "client" to run the add and podsazhivaniya tool for people on branded services Amazon. But at Apple, of course, are not averse to content one of the good items of income is ebook store iBooks Store, where anyone can buy a book, a subscription to a newspaper or magazine.
Apple-ibooks-1

Around book catalog Apple, as you know, a scandal related to the fact that the company overstated the prices of books, earning "super" that was the conflict resolved in the pretrial order. It was learned that the iPhone maker agreed to pay in damages of $ 450 million, and on the eve of the court gave preliminary approval. Part of the amount will be the judicial authorities - about $ 50 million as a fine and compensation, while the remaining funds will be distributed between users overpay for content.
However, the fulfillment of these conditions on the part of Apple still depends appeals court decision in New York, which can either increase the amount of the fine to $ 70 million, or even cancel it.
U.S. Justice Department filed against Apple and publishers Harper Collins, Simon & Schuster, Hachette, Macmillan and Penguin suit in April 2012, accusing them of conspiring to fix prices on e-books at the online store in the U.S. iBooks Store. Last year, the court ruled that Apple under this conspiracy violated antitrust laws.
It is for this decision Apple previously agreed to pay $ 450 million, and this decision may change the appellate court. At the same time, Apple says it intends to fight for an appeal.
However, even if Apple will pay $ 450 million, this would amount to only about 1% of revenue for the last fiscal year. Previously publishing house already paid for the same claim of $ 166 million compensation to purchasers of e-books.
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