Apple Loses E-Book Antitrust Litigation

The District Court for the Southern District of New York today handed down its decision in the ongoing Apple e-book antitrust litigation holding that Apple violated antitrust law in its participation in (one might say orchestration of) a scheme to raise retail prices of e-books in 2009-2010 when it launched its iBookstore with the iPad. Story and judgment available here. And for anyone interested in the structure of the e-book industry, the recitation of the facts re how the industry works and how Apple sought to change the original model dominated by Amazon is very instructive and reads not unlike a Greek drama. It’s probably the most detailed account I’ve read explaining the distribution and price determination models within the industry.