US federal judge rules Apple conspired to raise e-book prices

Following a non-jury trial that ended on June 20th, US District Judge Denise Cote has ruled that Apple conspired to raise the retail prices of e-books, according to a Reuters report published this morning. Apple has been at the focus of the Manhattan-based antitrust trial, which began last month, with publishers Macmillan and Penguin Group named as co-defendants. The violation here centered on Apple’s agency pricing model, in which publishers set the price of each book and give sellers a 30 percent cut, rather than a traditional wholesale model in which retailers set the pricing at their own stores.

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Source: Reuters

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