Apple denies it conspired to raise ebook prices

Apple Inc. says the accusation that it conspired with major book publishers to raise the price of ebooks is untrue.Apple spokesman Tom Neumayr says that, contrary to allegations in lawsuits by the Justice Department and 15 states, Apple fostered innovation and competition by introducing its iBookstore in 2010. He says customers have benefited from ebooks that are more interactive and engaging.The company says its entry into ebooks has broken a monopolistic grip on the publishing industry by Internet retailer Amazon.com.The lawsuits say Apple and several publishers cost consumers more than $100 million in the past two years by adding $2 to $5 to the price of each ebook. Continue reading at 'Crains New York'

[ Crains New York | 2012-04-14 00:00:00 UTC ]

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