Apple warns guilty ebook verdict would ‘send shudders through the business community’

Apple warns guilty ebook verdict would ‘send shudders through the business community’

During closing arguments at the ebook price-fixing trial, Apple told the court that a guilty ruling would “send shudders through the business community.” According to Reuters , Apple lawyer Orin Snyder explained that such a ruling would condemn the ordinary negotiations that companies undertake to enter new markets. “We submit a ruling against Apple on this record sets a dangerous precedent,” he continued. Apple stands accused of conspiring with publishers to fix the price of ebooks at $12.99 or $14.99, at a time when Amazon sold many titles at $9.99. But the Department of Justice, which is pursuing the case, isn’t seeking damages from Apple.

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Apple warns guilty ebook verdict would ‘send shudders through the business community’

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