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[WSJ] U.S. Judge Rules Apple Colluded on E-Books  

post #1 of 7
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Quote:
Apple Inc. colluded with five major U.S. publishers to drive up the prices of e-books, a federal judge ruled Wednesday in a stern rebuke that threatens to limit the technology company's options when negotiating future content deals.

The ruling—which follows Apple's high-stakes gamble to go to trial even though the publishers settled similar charges—exposes the tech company to as-yet undetermined damages and opens the door for the Justice Department to take a closer look at its other business lines. In settling, the publishers denied wrongdoing.

Sauce: http://online.wsj.com/article/SB10001424127887324425204578597453053469898.html

This is why no one should buy eBooks. You eliminate supply and demand, you open the door for price fixing and gouging. You eliminate book store back-stock that is marked 50% off. You eliminate sales designed to move old stock out to make room on the shelf for new stock.

Not an Apple basher, just a vigilant consumer.
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post #2 of 7
All good points
    
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post #3 of 7
For me it;s a question of materials.

I don't know why a 1mb book costs 5 times the price of the same thing printed on paper.
post #4 of 7
Meh, I just need to read faster, easier, wherever and however I want, etc. It's just too bad that the text I read most are periodicals, and most don't have very good digital platforms...

But, now I know why these prices are so bad... tongue.gif
post #5 of 7
Quote:
Originally Posted by WhiteCrane View Post

This is why no one should buy eBooks from price fixers like Apple.
Fixed.
Quote:
You eliminate supply and demand, you open the door for price fixing and gouging.
There are already bad business practices in areas like college textbooks. As long as the Justice Department (or whoever claims jurisdiction for this sort of thing) keeps tabs on e-book suppliers/publishers, it shouldn't be any worse than physical media.
Quote:
You eliminate book store back-stock that is marked 50% off. You eliminate sales designed to move old stock out to make room on the shelf for new stock.
That's just a perk for bargain hunters. If you look at a digital reseller like Steam, you'll see that sales on less popular items still exist. Also, e-book versions are usually cheaper than their paperback versions. It isn't $9.99 vs $30 scenario from 2007 anymore, but it is still about $5 cheaper for non-fiction bestsellers. A lot of classic books are free in the e-book form, too.

There is also the whole part of cutting out 2 billion books worth of paper, per year in the US alone, out of our resource usage statistics by moving to digital books. Although e-book DRM could make physical books more appealing.


Still, I'm glad to see a common sense ruling coming from a US court nowadays.
Edited by MrLinky - 7/15/13 at 6:23pm
     
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post #6 of 7
The problem with comparing digital goods to physical goods economically is the whole supply/demand ratio.


In a digital economy supply is virtually unlimited. While demand is limited. Ergo the price should always be lower.


It costs much less money to host a 20MB book on a server and distribute it digitally than it does to print and run even 500k printing of a book.
 
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post #7 of 7

This is a repost (same story, different source). Please continue this discussion in the original thread: http://www.overclock.net/t/1408435/reuters-judge-says-apple-conspired-to-raise-prices-on-e-books

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Overclock.net › Forums › Industry News › Technology and Science News › [WSJ] U.S. Judge Rules Apple Colluded on E-Books