Apple and the publisher agreed to work together to eliminate the retail price competition in the e-book market and raise the price of e-books above $9.99,"
What did Apple and other publishers agreed upon?
According to the court, Apple and the publishers held meeting in mid-December 2009 to discussed about "their abhorrence of Amazon's pricing", where Apple suggested raising prices to $12.99 and $14.99.
The publishers also agreed with Apple to pay Apple 30 percent of commission for each e-book that will be purchased through Apple's iBookstore.
Both the publishers and Apple sought to raise e-book prices above the $9.99 price tag as favored by Amazon.
Learn more about the Apple and other publishers here:-
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