quote: Wow you're lost.
quote: OK sure, we'll let the courts play this out
quote: So if you want to keep your head firmly planted in your a$s for a while and pretend what Apple was doing was legal
quote: even if the big publishers do it at a quarter
quote: E-book production “costs 10% less” than print book production, said Molly Barton, Penguin’s global digital director. Hardly the vast savings that many consumers imagine. “But the largest expense is author payment and always has been.”
quote: They formed a cartel and participated in price-fixing. That's illegal, period.
quote: The book publishers were accused of partaking in an agency sales model with Apple, and the publishers could not let rivals sell the same book at a lower price.
quote: Sure, we can complain about how overpriced they are, but accusing a company of being "evil" because they seek to maximize there revenue is off-kilter. They're charging a price that the market is apparently willing to bear. And that's about all that can be said about that.s $5 that goes right back into their pockets.
quote: The settlement calls for the three publishers to end their contracts with Apple within one week. The publishers must also terminate contracts with e-book retailers that contain restrictions on the retailer’s ability to set the price of an e-book or contain a so-called “most-favored nation” clause, which says that no other retailer is allowed to sell e-books for a lower price.