Breaking News

U.K. July Retail Sales Rise 0.1%; Median Estimate 0.4% Increase
Tweet TWEET

Apple Denies U.S. Allegations of E-Book Prices Collusion

Photographer: Scott Eells/Bloomberg

The iBooks app on an Apple iPad. Close

The iBooks app on an Apple iPad.

Close
Open
Photographer: Scott Eells/Bloomberg

The iBooks app on an Apple iPad.

Apple Inc. (AAPL) denied allegations by the U.S. government that it conspired with book publishers to fix prices of digital books to undermine Amazon.com Inc.’s dominance of the market.

The Department of Justice’s “accusation of collusion against Apple is simply not true,” said Natalie Kerris, a spokeswoman for Apple. The company’s digital bookstore, introduced in 2010, “fostered innovation and competition, breaking Amazon’s monopolistic grip on the publishing industry.”

Apple and book publishers Macmillan and Penguin were sued this week by the U.S. over claims they conspired to fix prices of digital books. Three other publishers named in the government’s antitrust lawsuit, CBS Corp. (CBS)’s Simon & Schuster, Lagardère SCA’s Hachette Book Group and News Corp.’s HarperCollins, settled their cases after the government’s complaint was filed this week in federal court in Manhattan.

As a result of Apple’s entry into the market, “customers have benefited from eBooks that are more interactive and engaging,” Kerris said. “Just as we’ve allowed developers to set prices on the App Store, publishers set prices on the iBookstore.”

To contact the reporter on this story: Tom Giles in San Francisco at tgiles5@bloomberg.net

Photographer: Scott Eells/Bloomberg

An e-book is displayed on an Apple iPad. Close

An e-book is displayed on an Apple iPad.

Close
Open
Photographer: Scott Eells/Bloomberg

An e-book is displayed on an Apple iPad.

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.