The government of USA has filed a lawsuit against Apple and certain book publishers, Penguin, Hachete, Macmillan and Simon & Schuster.
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The traditional book and reading practices have come to a point of near extinction. With the increase in technology and innovative machinery, we have changed in more ways than one. For starters, it is a rare thing nowadays for someone to send a casual letter to someone. With the introduction of emails, text messages, smartphones. we have completely digitised our ways of long distance communication.
The same change process is taking place with books. The traditional hard covered/paper backed bundles of paper have been substituted with e-books.
Books are priced based on many factors such as production, marketing, authors fee, shipping etc. But for e-books, there are very few factors to consider the price. Logically, it has to be cheaper, but it seems to be priced as equal as the traditional books. Not many are happy with this practice and definitely not the US government.
The tech giant Apple is considered here due to an alleged theory that Apple chiefs and publishers, Penguin, Hachete, Macmillan and Simon & Schuster, met on a series of occasions to discuss about certain business matters concerning the e book pricing.
"The US Department of Justice (DoJ) is suing the technology giant for allegedly breaching antitrust laws with five major book publishers – HarperCollins, Hachette, Penguin Group, Macmillan and Simon & Schuster.
According to DoJ filings lodged in a Manhattan Court, in September 2008 and January 2009 the chief executives of the five publishers met for a series of dinners in a private room at an upmarket New York restaurant, where they are alleged to have discussed "business matters". " Via
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