Go Read This | Apple hit with $840 million damages claim for ebooks price fixing | The Verge

This won’t hurt Apple much financially, even if successful, but the legacy of the Agency Pricing move is still damaging Apple and publishers. As I’ve said it was a stupid move that put publishers on the wrong side of consumers which while attractive in the short term was incredibly damaging in the medium to long term:

Apple has received a new damages claim of over $840 million dollars for conspiring with publishing companies to raise the price of ebooks across the entire industry. The claim, filed Friday in New York by an attorney leading a class action lawsuit on behalf of ebooks customers in 33 states, stems from the US Justice Department\’s successful antitrust lawsuit against Apple that took place in the summer of 2013. Using evidence presented during the course of that trial last year, attorney Steve Berman begins by arguing that Apple owes American ebooks customers a bare minimum of $231 million in damages, and probably far more money than that.

via Apple hit with $840 million damages claim for ebooks price fixing | The Verge.

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