Apple warns guilty ebook verdict would ‘send shudders through the business community’


During closing arguments at the ebook price-fixing trial, Apple told the court that a guilty ruling would “send shudders through the business community.” According to Reuters, Apple lawyer Orin Snyder explained that such a ruling would condemn the ordinary negotiations that companies undertake to enter new markets. “We submit a ruling against Apple on this record sets a dangerous precedent,” he continued.

Apple stands accused of conspiring with publishers to fix the price of ebooks at $ 12.99 or $ 14.99, at a time when Amazon sold many titles at $ 9.99. But the Department of Justice, which is pursuing the case, isn’t seeking damages from Apple. Instead it wants to prohibit the company from using the “agency model” or price-parity contract…

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