Apple begins to pay compensation to the users of iBooks on the case of collusion with book publishers
21 Jun Apple begins to transfer payments of $400 million in compensation on the claim of collusion with publishers over high prices for e-books. This decision was taken in 2014. In June last year, Apple lost the appeal and today begins to pay compensation.
Unlike Amazon, Apple’s making good money by selling directly to the iPhone and iPad. In the case of the first, all profits are based mainly on the sale of content and services to the final consumer, the very same piece of hardware serves as the “client” to run the add and tool for placing people on the company Amazon. But Apple, of course, do not stop the content, one of the good articles income is the e-book store, iBooks Store, where anyone can buy the book, subscribe to the newspaper or magazine.
At the time around book catalog Apple scandal associated with the fact that the company inflated the price of the book, earning “above and beyond” what should have been, the conflict was settled out of court. In the end, the iPhone maker has agreed to pay damages of $450 million of the amount will go to the judiciary, as the fine and compensation, and the remaining funds will be distributed between users, overpayments for the content.
Apple will be transferred to the iTunes account for $6,9 for each new book in the period 1 April 2010 to 21 may 2012, which was named a New York Times bestseller, and at $1,57 for every book that is not worthy of such a title. Compensation is paid for the purchase of books published by publishers Hachette Book Group, HarperCollins Publishers, Macmillan (Holtzbrinck Publishers), Penguin Group and Simon & Schuster through Amazon, Kobo, Barnes & Noble, and iBooks.
The U.S. justice Department sued Apple and the publishers sued in April 2012, accusing them of colluding on fixing the prices of e-books in the online store iBooks Store in the US. In 2013, the court ruled that Apple under this agreement has violated the antitrust laws. The company has filed several appeals, including to the U.S. Supreme court, but to no avail.