Apple Loses DOJ Lawsuit
Apple Inc is no stranger to the courtroom. They have gone to court with Samsung, Motorola, Microsoft, The Beatles, etc. On Wednesday, the U.S. Department of Justice has won its case against Apple Inc.
Apple was found guilty of price-fixing and hurting competition. According to this article:
[T]he judge [is] saying not only that the government has proven a per se violation of the Sherman Act “through compelling direct and circumstantial evidence that Apple participated in and facilitated a horizontal price-fixing conspiracy,” but also that Apple has failed to show the agreements had pro-competitive effects.
The case revolves around Apple conspiring with e-book publishers, since 2009, to raise prices in a scheme to knock off Amazon.