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article imageFed. judge says Apple conspired a plan to raise prices on e-books

By Megan Woo     May 31, 2014 in Business
A U.S. federal district judge said on Wednesday that Apple violated anti-trust laws by working with major publishing companies to raise prices cut competition on e-books.
U.S. federal district judge Denise Cote said that Apple played a "central role" in working with five major publishing companies to raise e-book prices.
According to zdnet.com, Cote said Apple was considering raising the price of an e-book to $12.99 and $14.99, in contrast to Amazon selling the same e-book at $9.99.
Although a trial is expected to follow, Apple spokesperson Tom Neumayr said they will appeal the court's decision.
Neumayr said in a statement that Apple didn't do anything wrong and will continue to fight these accusations. He also said the launch of the iBookstore broke "Amazon's monopolistic grip on the publishing industry."
According to The Guardian, this makes one of the biggest anti-trust lawsuits brought on by U.S. authorities.
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