Apple Rakes in $11.6 Billion in Second Quarter Net Income

Tech giant Apple reported a net income of $11.6 billion during the second fiscal quarter of 2012, up from $5.9 billion during the same period in 2011. However, international sales represent 64 percent of Apple’s quarterly revenue. Continue reading at 'Folio Magazine'

[ Folio Magazine | 2012-04-26 00:00:00 UTC ]
News tagged with: #net income #fiscal quarter

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Ex-WSJ Editor Defends Apple's Ebook Strategy

The former publisher of the Wall Street Journal has defended Apple's Ebook Strategy saying it is not only good for Apple, but good for consumers and publishers as well. Continue reading at PC World

[ PC World | 2012-04-25 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #ebook strategy


Events Boost UBM’s First Quarter Profit 25.8 Percent

UBM plc reports a 25.8 percent increase in operating profit for the first quarter 2012 and an 11.1 percent increase in total revenue, according to unaudited results released today. Continue reading at Folio Magazine

[ Folio Magazine | 2012-04-25 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #total revenue #operating profit


Lawyer: Apple wants trial on ebook price-fixing

NEW YORK (Reuters) - Apple Inc wants to go to trial to defend itself against U.S. government allegations that it conspired with publishers to raise prices of electronic books, a lawyer for the Silicon Valley giant said in court on Wednesday. Continue reading at Baltimore Sun

[ Baltimore Sun | 2012-04-19 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #electronic books #raise prices #ebook price-fixing


Apple vs. Amazon: Who Is Really Fixing E-Book Prices?

A brouhaha is shaping up: Apple and book publishers square off against Amazon and the DOJ over the price of an ebook. Who's right? CIO.com's Tom Kaneshige looks back to a Whiz Kid from the '90s for answers. Continue reading at PC World

[ PC World | 2012-04-18 00:00:00 UTC ]
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The Coming Book Wars: Apple vs. Amazon vs. Google vs. the U.S.

Unresolved conflicts among publishers, sellers, libraries, and the U.S. Justice Department cloud the future of the publishing industry. Continue reading at The Atlantic

[ The Atlantic | 2012-04-17 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #publishing industry


Northcliffe Reports 6% Revenue Fall and 13% Cost Reduction

Regional newspaper publisher Northcliffe Media has reported a further six per cent year-on-year decline in like-for-like revenue over the past six months. Parent company Daily Mail and General Trust (DMGT) said in a trading update today that althou ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-04-17 00:00:00 UTC ]
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Why Apple's eBook Pricing Defense Is Wrong

Apple responded to DOJ antitrust accusations claiming it simply leveled the playing field against Amazon's virtual monopoly of the ebook industry. I disagree. Continue reading at PC World

[ PC World | 2012-04-16 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #playing field


Apple denies price-fixing charges on ebooks

The company says it allows publishers to set their own prices. Several antitrust lawsuits have accused former chief Steve Jobs of inflating prices of new releases and bestsellers.Apple Inc., responding for the first time to antitrust charges levied against it and five major book publishers this... Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #electronic books #antitrust lawsuits


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... Continue reading at Crains New York

[ Crains New York | 2012-04-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #$100 million #publishing industry #monopolistic grip #justice department #apple denies


Apple defends ebook price-fixing by calling Amazon a monopoly

Apple shot back at critics and the Justice Department late Thursday, denying claims that it colluded with publishers to keep the price of ebooks artificially high. Even more interesting? The Cupertino, Calif. company took a veiled shot at Amazon, saying its actions were necessary to break up the... Continue reading at Betanews

[ Betanews | 2012-04-14 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #tablet market #key businesses #monopolistic grip


Apple Fires Back at the Feds, Amazon

Apple responds to antitrust charges: "The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry." Continue reading at AllThingsD

[ AllThingsD | 2012-04-13 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #publishing industry #monopolistic grip #breaking amazon


Apple says ebook price fixing charges 'simply not true,' Macmillan also responds

Not that we were expecting Apple and Macmillan to simply fess up and say, "you're right, totally tried to circumvent the free market," but both companies have come out swinging pretty hard against the allegations of price fixing. Apple has rejected the charges, calling them "simply not true." A... Continue reading at Engadget

[ Engadget | 2012-04-13 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #daunting task #court -- #john sargent #publishing industry #monopolistic grip #breaking amazon


Apple: E-book price-fixing accusation 'simply not true'

Apple Inc.  is denying antitrust charges filed against it and five major book publishers this week that accuse the companies of a price-fixing scheme to inflate the prices paid for electronic books. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-13 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #electronic books


Apple refutes collusion charge

Apple has joined Penguin and Macmillan in defending itself against accusations of collusion over... Continue reading at The Bookseller

[ The Bookseller | 2012-04-13 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #joined penguin


The Apple ebook antitrust lawsuit: What it means

The Justice Department and attorney generals from 16 states sued Apple Inc. and five major book publishers, alleging they colluded to raise the price of electronic books. Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #electronic books #justice department


With the states suing over ebook price fixing, Apple needs to surrender

Attorneys General in 16 states filed suit against Apple and three publishing companies Wednesday, following a similar suit filed this morning by the US Justice Department. Unlike the federal suit, the states action also looks for monetary compensation in addition to the end of the collusive... Continue reading at Betanews

[ Betanews | 2012-04-12 00:00:00 UTC ]
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Apple and four publishers seek EC deal; Penguin does not

Five of the companies under investigation in Europe over ebook pricing have made representations... Continue reading at The Bookseller

[ The Bookseller | 2012-04-12 00:00:00 UTC ]
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Apple, ebook publishers accused of price fixing

Apple's Steve Jobs played a key role in a price-fixing plan with five ebook publishers, federal and state officials say in antitrust lawsuits.WASHINGTON — Former Apple Inc. Chief Executive Steve Jobs was a key player in a conspiracy with five major book publishers to drive up the price of... Continue reading at Los Angeles Times

[ Los Angeles Times | 2012-04-12 00:00:00 UTC ]
More news stories like this | All news stories tagged with: #digital books #key player #antitrust lawsuits #state officials #ebook publishers #key role #price fixing


US sues Apple over ebook 'price fixing'

Apple and publishers Penguin and Macmillan have decided to fight US government charges that they conspired to fix the prices of ebooks, even as three other publishers agreed to a settlement aimed at lowering prices for consumers. Continue reading at Stuff

[ Stuff | 2012-04-12 00:00:00 UTC ]
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Justice Department formally charges Apple, big five publishers in ebook price fixing case (update)

The Justice Department has formally decided to sue Apple, Hachette, HarperCollins, Macmillian, Penguin and Simon & Schuster over alleged ebook price-rigging. Apple and Macmillian have already denied any wrongdoing, saying that the agreements were enhancing competition in an industry... Continue reading at Engadget

[ Engadget | 2012-04-11 00:00:00 UTC ]
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