Apple's E-Book Pricing Scandal: A Long Road To A Small Fine
A ruling against Apple in the e-book price-fixing case has been upheld, though the fine Apple faces is next to nothing for the tech giant.By Leah Becerra | June 30, 2015
Apple's been weighed, measured and found guilty of conspiring — again. The outcome is a $450 million slap on the wrist.
A U.S. appeals court voted 2-1 to uphold a 2013 ruling, when Apple was found guilty of conspiring with book publishers to raise the cost of e-books.
The method in which Apple sold e-books — known as agency pricing — allowed publishers to set the cost of e-books, rather than whatever cost a retailer might've decided. (Video via Youtube / Mobilityminded)