Remember a few years ago when Amazon was selling e-books for $9.99?
Then in 2012, the feds accused Apple of meeting with the major publishers and agreeing that prices would be set by the publishers and not the retailer. That way the publishers got the higher prices they wanted and Apple thought it could challenge Amazon’s dominance in the e-book market.
The price of e-books quickly climbed to $12.99 to $14.99 as Amazon was forced to go along.
At a trial in 2013, a federal judge found that Apple and the publishers had engaged in illegal price fixing. Apple appealed. Last week a federal appeals court upheld the ruling, which means e-book prices will remain variable as they have been since the initial ruling.
But e-books by popular authors still sell for $14.99. Inflation, I guess.
Original post here.