Apple under European Commission's scanner for price fixing?
Added On:4/19/2012 10:42:00 AM
The tech industry witnesses new headlines about Apple Inc. almost every day. With the latest update, the technology giant is under scrutiny for price fixing. Report said, Apple and five other world's biggest publishers are under investigation for conspiring to push up the price of electronic books by as much as 50 percent.
Trusted sources informed, the European Commission is claiming that Apple and five other publishing houses including HarperCollins, Penguin, Hachette Livre, Simon & Schuster and Germany's Verlagsgruppe George von Holtzbrinck, have worked together to keep eBook prices artificially high.
For instance, Apple's iTunes store is offering an eBook download of Steve Jobs’ biography for 12.99 pounds, while Amazon is charging just 11.97 pounds for its hardback version.
In response, the fruit themed brand Apple is planning to go to trial to defend itself against US government allegations that it conspired with publishers to raise prices of electronic books. Even, two other publishers have taken a similar stance in the first hearing in Manhattan federal court.
However, any spokesperson from Apple declined to comment on the matter.
Analysts believe, though, Apple has been condemned many times for different issues; the company always stands up to the mark and meets every expectation. These incidents didn’t affect its popularity and Apple still escorts the tech industry with its high profile product range.
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