A Seattle-area class-action lawsuit alleges that iPad maker Apple colluded with six of the biggest book publishers to artificially raise the price of ebooks and harm consumers. Previous to Apple's 2010 entry into the ebook market with its iBooks service, the typical selling price of new ebooks in a market still dominated by the Amazon Kindle was $9.99. But today, thanks to an Apple-backed price hike, the suit says, the average price of new eBooks has risen dramatically.
"Apple facilitated changing the ebook pricing model and conspired with the Publisher Defendants to do so," the suit alleges. "As a direct result of this anticompetitive conduct as intended by the conspiracy, the price of ebooks has soared. The price of new bestselling ebooks increased to an average of $12 - $15, an increase of 33 to 50 percent."
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