The Apple’s eBook debacle issue

The Apple’s eBook debacle issue

The Department of Justice of the United States government sued Apple and five publishers for conspiring to raise the price of e-books by setting a minimum price for e-books. This was done for Apple to compete against Amazon in the e-book market. Amazon sold a lot of books under cost or with a small profit margin to boost the sales of the Amazon Kindle e-book reader. 

All of this is good news for consumers, because with out this price control, companies like Amazon will again be able to provide a more economic pricing for e-books. Three of the publishers so far have already settled and will remove the minimum price. All of this doesn’t seem to have affected any book ventures, the e-book industry continues to grow, and will continue to grow as more people buy tablets and e-book readers. Also, this is a big win for Amazon, since they are the dominant force in this market.