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A JUDGE HAS today found Apple guilty of a price-fixing conspiracy for electronic books, saying the company “conspired to restrain trade” with publishers to boost the price of ebooks.
Judge Denise Cote, who presided over a bench trial in New York, said in her opinion that “Apple is liable here for facilitating and encouraging the Publisher Defendants’ collective, illegal restraint of trade.” She ordered a new hearing to determine damages.
Each of the five publishers originally named in the US government’s civil lawsuit settled the case, leaving Apple to stand trial alone.
Apple’s chief executive Tim Cook had said ahead of the trial that the California firm would not settle, claiming it had done nothing wrong but was merely pursuing normal business practices.
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The trial focused on a six-week period in late 2009 and early 2010 during which Apple negotiated contracts with publishers ahead of its iPad launch and proposed a new and more profitable business model.
At the time, publishers were furious at the state of the market dominated by Amazon, which sold most bestsellers for just $9.99.
Amazon held “wholesale” contracts with publishers in which it set prices. Apple’s contracts shifted to an “agency” model where publishers set the price in exchange for a 30 percent commission to Apple.
Prior to Apple’s entry, the publishers – all of whom have settled in the case – would complain about Amazon’s $9.99 price at private dinners in fancy New York restaurants, but each feared taking on the Internet giant alone.
Among the publishers settling the case, the largest was with Penguin for $75 million, while a settlement with Hachette, Harper Collins and Simon & Schuster created a $69 million fund for refunds to consumers. Macmillan settled for $26 million.
Hello everyone. There is a new way of making cash, although it is illegal but also a smart and easy way of living big. I used to be a barrack girl until i became eager and decided to change my life one way or the other. I got opportunity to register for the militant amnesty through connection thereby taking me out of the country for training in the United States for a period of 3years. To cut the story short, during my training i made some white friends who were geeks and also experts at ATM repairs, programming and execution who taught me various tips and tricks about breaking into an ATM. with my knowledge gained from my white geek friends, i have been able to counterfeit and programme a blank ATM card using various tools and software’s. I have ready-made programmed ATM cards; I am just 29, my family are in USA and i have cash, i have a car, i live in malaysia and i travel all around the world. i do my things on a low-key to avoid suspicion. Some of you will wonder why i am selling this out if truly i am already living large. It is because it is hard task doing it yourself, i wont lie to you, its not easy to hack ATM talk more of to reprogramme the card alone and be able to get 40,000 Kuwaiti dinar each day. It takes days and sometimes weeks. Some of you will want the ready made card to avoid the stress of doing it yourself and i don’t give the ready made card out for free because i spent days trying to make it available for you. on yahoomail, (luciafernando222@gmail.com) for request of the ATM NOTE: the ATM card has no pin, no registered account number. It has no limit for withdrawal and it is untraceable.(luciafernando222@gmail.com)
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