Also in this playlist...
This transcript is automatically generated
Apple conspired with publishers to fix electronic book prices.
That is the ruling from -- -- judge who said that apple worked with publishers to -- e-book prices and and other retailers' ability to compete in fair marketplace.
That -- scheme would also take more money from the consumer and give it apple.
Apple and the publishers brilliantly.
Constructed a mechanism.
Which assured higher profits for apple and higher prices for consumers the US government filed an antitrust lawsuit against apple and five publishes last year but all the -- settled out of court which did not help Apple's case.
A five publishers settled with the federal government.
They -- serious cash but but a lot less than apple will -- so once they settled with the federal government what -- they also agree to do.
Testify against apple.
Now the jets as a child for damages will come next.
Which judge -- Fontana says determining how much money apple -- will be complex process this'll be a very long and complex case.
In which the government will need to prove to the satisfaction of this judge.
How much money did consumers lose.
And how much money did apple gain.
Because of this conspiracy.
And apple spokesman said that the company plans to appeal the ruling and fight these accusations.
But on -- foxbusiness.com for more in New York I'm Tracy Byrnes.
Filter by section