Amazon.com, Inc. (NASDAQ:AMZN) in comments made by
Apple Inc in an US court is said to have been the origin of the e-book price
booking allegations made on the latter.
Apple along with other publishers had been accused
of conspiring price booking of e-books higher than Amazon prices. The
accusations included that had Apple negotiated with publishers to increase
prices to $12.99 and higher which was very high compared to the discounted
price of $9.99 offered by Amazon. Consequently, the e-book readers had to pay
extra price than valid for the popular books.
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Apple in its defense has said that Amazon had been
the driving force behind all such allegations and that the website retailer
hosted a two-day meeting with government officials at its Seattle headquarters
to discuss the investigation. As per reports from The Wall Street Journal,
Apple had gone to the extent of adding that Amazon had made at least 14
employees available to government investigators and was asked to turn over only
a “fraction” of documents that others in the case did.
Supporting Apple’s comments was Authors Guild who
observed that the DOJ proposed settlement would hurt traditional book retailers
by driving the book trade to the Kindle world of Amazon.
Apple commented in the filings that it had never
“sought to benefit from collusion.”
Currently, Apple is creating a new 52-week high on
the expected iPhone5 sales and the strong rumors of its new iPad while
Amazon.com Inc. (NASDAQ:AMZN) is also trading near its 52-week high at $241.17.
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