Apple calls charges of collusion "simply not true"

BookBrowse News - The Full Story

Apple calls charges of collusion "simply not true"

Apr 13 2012

A day after the Justice Department filed suit against Apple and five publishers over the agency model for e-books, Apple called the charges of collusion "simply not true."

Quoted in the Wall Street Journal, Apple spokeswoman Natalie Kerris said, "The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry." She said, too, that the company uses something like the agency model in other areas. "Just as we've allowed developers to set prices on the App Store, publishers set prices on the iBookstore," she said.

Barnes & Noble's stock took a hit on the news that the Justice Department was filing suit against Apple and five of the six major publishers (three of which have already announced that they will settle rather than face the enormous costs of fighting a case against a government agency) because, as Forrester analyst James McQuivey points out, heavy e-book discounting resulting from the suit will create a huge problem for Barnes & Noble as "Amazon is building a tremendous customer relationship that they can monetize across many categories of goods, not just books. Even if they decide to take a hit on e-books, they can find other places to make up that margin. Barnes & Noble doesn't have that same luxury."

The irony is that, from a strictly financial point of view, publishers are better off selling e-books on a traditional sales basis, even if heavily discounted.

More News Stories

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten!

Join Today!

Editor's Choice

  • Book Jacket
    The Summer Before the War
    by Helen Simonson
    Set on the cusp of World War I, The Summer Before the War exudes strength and spirit as a small town...
  • Book Jacket: Lincoln in the Bardo
    Lincoln in the Bardo
    by George Saunders
    George Saunders' Lincoln in the Bardo is a philosophy discourse brilliantly disguised as a ...
  • Book Jacket
    Tender
    by Belinda McKeon
    Most of us have heard the slightly trite saying: "If you love something, set it free." But one can ...

Book Discussion
Book Jacket
Victoria
by Daisy Goodwin

"A hit…The research is impeccable, the attention to detail, perfect." - The Sunday Mirror (UK)

About the book
Join the discussion!

First Impressions

  • Book Jacket

    The Fifth Petal
    by Brunonia Barry

    Beloved author Brunonia Barry returns to the world of The Lace Reader with this spellbinding new thriller.
    Reader Reviews

  • Book Jacket

    A Piece of the World
    by Christina Baker Kline

    A stunning novel of friendship, passion, and art from the #1 bestselling author of Orphan Train.
    Reader Reviews

Who Said...

Analyzing humor is like dissecting a frog. Few people are interested and the frog dies of it.

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

K Your F C

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.