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Apple conspired to fix e-book prices, judge rules Apple conspired to fix e-book prices, judge rules
(34 minutes later)
Apple conspired with publishers to fix the price of electronic books, a US judge has ruled.Apple conspired with publishers to fix the price of electronic books, a US judge has ruled.
Manhattan Judge Denise Cote said the iPad maker "conspired to restrain trade".Manhattan Judge Denise Cote said the iPad maker "conspired to restrain trade".
But the company's spokesman Tom Neumayr said Apple would appeal against the ruling and fight "false allegations".But the company's spokesman Tom Neumayr said Apple would appeal against the ruling and fight "false allegations".
Five publishers that were originally named as defendants alongside Apple have already reached settlements, including Penguin.Five publishers that were originally named as defendants alongside Apple have already reached settlements, including Penguin.
The judge ordered a new hearing to determine damages to be imposed on Apple.The judge ordered a new hearing to determine damages to be imposed on Apple.
The US Department of Justice said the conspiracy was designed to challenge online retailer Amazon's dominance of the fast-growing e-books market.The US Department of Justice said the conspiracy was designed to challenge online retailer Amazon's dominance of the fast-growing e-books market.
Penguin settled its case for $75m (£49m). Hachette, HarperCollins and Simon & Schuster created a $69m fund for refunds to consumers, and Macmillan settled for $26m.Penguin settled its case for $75m (£49m). Hachette, HarperCollins and Simon & Schuster created a $69m fund for refunds to consumers, and Macmillan settled for $26m.
Judge Cote said: "The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy.Judge Cote said: "The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy.
"Without Apple's orchestration of this conspiracy, it would not have succeeded as it did in the spring of 2010," she said."Without Apple's orchestration of this conspiracy, it would not have succeeded as it did in the spring of 2010," she said.
After the ruling, Mr Neumayr insisted that Apple had done nothing wrong and had, in fact, brought innovation and competition to the market. Fight continues
Previously, Apple's attorney, Orin Snyder, had told the court that Judge Cote would set a "dangerous precedent"' if she concluded that Apple manipulated e-book prices. US Assistant Attorney General Bill Baer called the ruling "a victory for millions of consumers who choose to read books electronically".
He said the judge agreed with the Justice Department and 33 state attorneys general that executives at the highest levels of Apple orchestrated a conspiracy with five major publishers to raise prices.
"Through today's court decision and previous settlements with five major publishers, consumers are again benefiting from retail price competition and paying less for their e-books,'' Mr Baer said.
But after the ruling, Mr Neumayr insisted that Apple had brought innovation and competition to the market, not restricted it.
"Apple did not conspire to fix e-book pricing and we will continue to fight against these false accusations,'' he said. "We've done nothing wrong."
Previously, Apple's attorney, Orin Snyder, had told the court that Judge Cote would set a "dangerous precedent" if she concluded that Apple manipulated e-book prices.
Earlier this year, Apple chief executive Tim Cook dismissed the idea of a settlement with the government. "We didn't do anything wrong there," he said. "We're going to fight."Earlier this year, Apple chief executive Tim Cook dismissed the idea of a settlement with the government. "We didn't do anything wrong there," he said. "We're going to fight."