Apple asks U.S. Supreme Court to toss e-books antitrust decision

[PoliticAverse]

NEW YORK (Reuters) - Apple Inc has asked the U.S. Supreme Court to overturn an appellate court decision that found the iPad maker conspired with five publishers to increase e-book prices.

Apple asked the high court on Wednesday to review a June ruling that favored the U.S. Department of Justice, and found the company liable for engaging in a conspiracy that violated federal antitrust laws.

If upheld, the decision would also force Apple to pay consumers $450 million under a 2014 settlement with 33 state attorneys general and consumers that was contingent on the company's civil liability being upheld.

Apple in its petition said the June decision by the 2nd U.S. Circuit Court of Appeals in New York contradicted Supreme Court precedent and would "chill innovation and risktaking."

Read the rest at: https://news.yahoo.com/apple-asks-u-supreme-court-toss-e-books-184352076--finance.html

[Erich Bloodaxe BSN]

1. Putting large blocks of text online is hardly innovative.

And while charging people for them might be, I think it's innovation we could do without.

[bemildred]

2. Apple has not had much to do with innovation and risk-taking for a long time.

Apple is all about money and marketing.