7 On Your Side

Apple suspected of illegally raising e-book prices

Tuesday, December 06, 2011

Apple is suspected of illegally raising prices for e-books when its launched its iPad tablet and iBookstore in 2010.

The European Union's anti-trust unit has launched an investigation.

Apple was the first retailer to let publishers set the price consumers paid. Up to then, publishers set the wholesale price, but retailers decided what price to sell them.

The EU stressed its probe is in its early stages.

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e-books, apple, 7 on your side, michael finney
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