Apple is at it again

Those who know how much I love Apple won’t be surprised that this story in Huffington Post caught my eye.

Apple has a 30 year history of underhanded dealing, finding ways of questionable legality to prop up their profits. Here’s another one, fixing prices. Capitalism is supposed to thrive on a free market of competition. Apple refuses to allow competition. When they don’t conspire to illegally fix prices, they steal other company’s inventions and patents, threaten lawsuits against small companies who can’t afford the court costs and work in so many underhanded ways to ensure exhorbitant returns on minimal investment.

It pays off of course. They are swimming in cash–yours, if you buy their overpriced products. 

This story was originally from Reuters.

Apple Lawsuit: DOJ May Sue Tech Company Over eBooks As Early As Wednesday

Posted: 04/10/2012 8:17 pm

By Diane Bartz and Poornima Gupta
WASHINGTON/SAN FRANCISCO, April 10 (Reuters) – The Justice Department could sue Apple Inc as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said.

The Justice Department is investigating alleged price-fixing by Apple and five major publishers: CBS Corp’s Simon & Schuster Inc; HarperCollins PublishersInc; Lagardere SCA’s Hachette Book Group; Pearson and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH.

A lawsuit against Apple, one of the parties not in negotiations over a potential settlement, could come as early as Wednesday but no final decision had been made, the people said.

Apple declined to comment. The Justice Department and the five publishers could not be reached for comment.

The Justice Department is investigating whether deals Apple cut two years ago with the quintet of major publishers – when the consumer electronics maker launched its iPad tablet computer – were done with the intent of propping up prices for digital books, sources have said.

As part of those agreements, publishers shifted to a model that allowed them to set the price of e-books and give Apple a 30 percent cut of sales, the sources have said.

Talks between the Justice Department and some publishers had been proceeding, with settlements expected as soon as this week, one of the two sources familiar with the matter said on condition of anonymity, because the discussions were not public.

A negotiated settlement is expected to eliminate Apple’s so-called “most favored nation” status, which had prevented the publishers from selling lower-priced e-books through rival retailers such as Inc or Barnes & Noble Inc , sources had told Reuters last month.

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