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Ebook prices are set to plummet after the US government brought a price-fixing case against Apple and five of the world's biggest publishers.

The Justice Department has alleged that Apple conspired with HarperCollins, Macmillan, Penguin, Simon & Schuster and Hachette to ramp up the cost of digital books on Apple’s iPad — and across the whole industry as a result.

According to the lawsuit filed by the department, ebook prices went up an average of about £1.25 to about £1.90 in a three-day period in early 2010, thanks to the secret agreement.

The deal is thought to have been a bid to stop Amazon - which has slashed prices to bump up sales of the Kindle - dominating the ebook market.

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Ebook prices set to plummet after price fixing case
Digital Mag

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