I have always complained that the price of ebooks seems way out of line.
Extracts from The Sydney Morning Herald
The government says avid best-seller readers who use electronic books have been getting ripped off. Tina Fey's "Bossy Pants," Tim Tebow's "Through My Eyes" and Keith Richards' `"Life" _ maybe they should have cost less.
The Justice Department and 15 states sued Apple Inc. and major book publishers Wednesday, alleging a conspiracy that raised the price of electronic books. They said the scheme cost consumers more than $100 million in the past two years by adding $2 or $3, sometimes as much as $5, to the price of each e-book.
If there was price fixing, even the e-book version of the hot-selling Walter Isaacson biography of Steve Jobs, the late genius behind Apple computers, may have cost too much.
Justice's antitrust chief, Sharis Pozen, said the executives were desperate to get Amazon.com _ the marketer of Kindle e-book readers _ to raise the $9.99 price point it had set for the most popular e-book titles, because that was substantially below their hardcover prices.
Since Amazon introduced the Kindle in 2007, e-book sales have surged. They represented just 2 percent of all titles sold in the United States that year, but soared to 25 percent last year. In 2010, about 114 million e-books were sold at a total cost of $441.3 million.
Holder told a Justice Department news conference that "we believe that consumers paid millions of dollars more for some of the most popular titles" as a result of the alleged conspiracy. Pozen said the scheme added an average of $2 to $3 to the prices of individual e-books
PS I am considering whether I should still give links to ebooks here – I never get any feed back, - you like, you don’t like, you have read, you recommend. – like I am talking to myself.
I would appreciate comments in this regard.Show More