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Supreme Court Won't Hear Apple's E-Book Appeal

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Mar 7, 2016, 10:43 AM by Eric M. Zeman

The U.S. Supreme Court today said it will not review an appeal made by Apple over its role in raising the price of e-books. In June, a lower court ruled Apple conspired with five book publishers to increase the cost of electronic books in violation of antitrust regulations. Amazon and others commonly sold e-books for $9.99, but prices climbed to $12.99 and $14.99 for many titles after Apple launched its own iBook store. Since the U.S. Supreme Court declined to hear Apple's case, the lower ruling stands as-is. With its legal recourse exhausted, Apple is now on the hook for a $450 million settlement with attorneys general in 33 states.

Reuters »

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