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: All Our Wrong Todays
    All Our Wrong Todays
    by Elan Mastai
    You need a great deal of time to read All Our Wrong Todays, but don't let that put you off. ...
  • Book Jacket: Dadland
    Dadland
    by Keggie Carew
    In her notable debut, Keggie Carew examines the life of her father Tom, a decorated war hero whose ...
  • Book Jacket: Piecing Me Together
    Piecing Me Together
    by Renee Watson
    Race and class in American culture certainly dominate the news right now. These two things seem to ...

Book Discussion
Book Jacket
The Atomic Weight of Love
by Elizabeth J. Church

In the spirit of The Aviator's Wife, this resonant debut spans from World War II through the Vietnam War.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Mercies in Disguise
    by Gina Kolata

    A story of hope, a family's genetic destiny, and the science that rescued them.
    Reader Reviews

  • Book Jacket

    Our Short History
    by Lauren Grodstein

    Lauren Grodstein breaks your heart, then miraculously pieces it back together so it's stronger, than before.
    Reader Reviews

Who Said...

A book is one of the most patient of all man's inventions.

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

Word Play

Solve this clue:

O My D B

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.

 
Modal popup -