ibooks-iconStarting on Tuesday, June 21, U.S. customers who purchased e-books from Apple and other retailers like Amazon and Barnes & Noble will begin receiving payouts from the $450 million settlement Apple agreed to pay after being found guilty of conspiring to fix the prices of e-books.

Customers will be receiving a $6.93 credit for each book that was a New York Times bestseller, and a $1.57 credit for other e-books. Customers eligible for credits include those who purchased e-books between April 1, 2010 and May 21, 2012.

Attorneys say the process is uniquely simple for consumers -- credits will be automatically sent directly into the accounts of consumers at major book retailers, including Amazon.com Inc., Barnes & Noble Inc., Kobo Inc. and Apple. Retailers will issue emails and put the credits in the accounts simultaneously.

If e-book purchasers requested a check in lieu of a credit, they will receive a check. If purchasers received a credit during the first round of distribution of publisher settlements, and they did not opt out, they will automatically receive a credit.

The U.S. Department of Justice first accused Apple and five other publishers -- HarperCollins, Simon and Schuster, Hachette Book Group, Macmillan, and Penguin -- of colluding to fix the prices of e-books in 2010, suggesting they had worked to raise prices of e-books to weaken Amazon's dominant position in the market and restructure the business model of the industry.

While all of the publishers settled early on, Apple fought the accusation for years and maintained its innocence, but ultimately, a ruling in 2013 found the company guilty of price fixing. A series of appeals were unsuccessful, and after the Supreme Court declined to hear the case, Apple was forced to pay a $450 million settlement.

$400 million of that $450 million is earmarked for customers who purchased e-books, with $30 million going towards legal fees and $20 million going to states who were also involved in the lawsuit.

Top Rated Comments

samcraig Avatar
62 months ago
Sigh. Apple "colluded" to let publishers choose their own prices in an environment where Amazon had monopolistic dictatorial control over e-book pricing. And the government decided that Apple was the bad guy in this? I like Amazon a lot, but this was an absurd ruling.
Amazon doesn't have a monopolistic dictatorship as they don't dictate what price the publishers have to sell their books for. Maybe you're confusing this dictatorship issue with how Apple's model was going to work. Also - regardless of your opinions of Amazon - Amazon isn't guilty of colluding. Apple was. Apple entered the market and could have created whatever pricing strategy they wanted. They chose to embark on the wrong one. And they got caught.
Score: 6 Votes (Like | Disagree)
SandboxGeneral Avatar
62 months ago
I received my $1.57 from Amazon just a little while ago. I have a year to use that credit before it goes away according the court I guess. Considering how much I buy from Amazon, that credit will be lucky if it stays there past the end of the week!
Score: 3 Votes (Like | Disagree)
Weaselboy Avatar
62 months ago
Just got my email... I was shocked at how much I got back. "You now have a credit of $57.55 in your Amazon account."
Same here... just got an Amazon credit for $69.57. I was surprised it was that much. :D
Score: 3 Votes (Like | Disagree)
samcraig Avatar
62 months ago
Just got my email... I was shocked at how much I got back. "You now have a credit of $57.55 in your Amazon account."
Score: 3 Votes (Like | Disagree)
samcraig Avatar
62 months ago
Irony - getting credit for the Steve Jobs book bought though iTunes...
Score: 3 Votes (Like | Disagree)
Mascots Avatar
62 months ago
Amazon doesn't have a monopolistic dictatorship as they don't dictate what price the publishers have to sell their books for. Maybe you're confusing this dictatorship issue with how Apple's model was going to work. Also - regardless of your opinions of Amazon - Amazon isn't guilty of colluding. Apple was. Apple entered the market and could have created whatever pricing strategy they wanted. They chose to embark on the wrong one. And they got caught.
While I think this stance is dignified, I think it's a little ridiculous to claim that Amazon was not a stone throw away from a monopoly. They claimed 90% of the e-book market by undercutting the book's value (and unfortunately heavily damaging the print market by setting that expectation).

Don't get me wrong - Jobs and Cue were being bad little boys by running around connecting dots for the Publishers in order to push their model in while restraining Amazon - but the books were artificially underpriced to begin with only because of Amazon's model and dominance. Their goal was to level the playing field and let the superior experience dominate.

Though they could have totally not done illegal things to get to that path, there were several flags fired on the other side that gave Amazon bias for their initial complaint with the FTC and their heavy hand on the market needed to be looked deeper into and considered. Apple did bad, but they weren't the bigger issue IMO.
Score: 2 Votes (Like | Disagree)

Top Stories

bloodoxygenapplewatch

Apple Watch Series 7 to Gain Breakthrough New Health Feature

Friday March 5, 2021 5:34 am PST by
Apple is reportedly planning to bring a new, first-of-its-kind health technology to the Apple Watch Series 7, in what could be a breakthrough for managing conditions such as diabetes more easily. According to a recent report from ETNews, the Apple Watch Series 7 will feature blood glucose monitoring via a non-invasive optical sensor. Measuring blood glucose levels, also known as blood...
imac pro featured black

Apple Confirms iMac Pro Will Be Discontinued When Supplies Run Out, Recommends 27-Inch iMac

Saturday March 6, 2021 7:33 am PST by
Apple on late Friday evening added a "while supplies last" notice to its iMac Pro product page worldwide, and removed all upgrade options for the computer, leaving only the standard configuration available to order for now. We've since confirmed with Apple that when supplies run out, the iMac Pro will no longer be available whatsoever. Apple says the latest 27-inch iMac introduced in August...
Top Stories 48

Top Stories: iPhone 13 Leaks, OLED iPads and Macs, New AirTags Evidence

Saturday March 6, 2021 6:00 am PST by
iPhone rumors are heating up, with noted analyst Ming-Chi Kuo this week releasing a wide-ranging report outlining his expectations for the iPhone lineup over the next three years. This week also saw rumors about OLED displays potentially coming to iPad and Mac starting next year, increasing signs of AirTags functionality in iOS 14.5 betas, and more, so check out all of the details below! i...
Screen Shot 2021 03 08 at 1

Leaker Suggests Apple Event to Be Held on March 23

Monday March 8, 2021 2:25 am PST by
Apple will hold its first event of the year on March 23, according to information provided by a reputable Chinese leaker (via DuanRui). Apple is expected to launch AirTags, new iPads, and possibly updated AirPods at a spring event, and leaker "Kang" believes that date will be March 23. Initial speculation pointed to an event happening on March 16; however, Bloomberg's Mark Gurman shot down...
apple products refurbished store banner

Class Action Lawsuit Over Apple Providing Refurbished Replacement Devices Proceeding to Trial in August

Friday March 5, 2021 9:53 am PST by
Initially filed in 2016, a class action lawsuit that accuses Apple of violating the Magnusson-Moss Warranty Act, Song-Beverly Consumer Warranty Act, and other U.S. laws by providing customers with refurbished replacement devices is set to proceed to trial August 16, according to a notice this week from law firm Hagens Berman Sobol Shapiro LLP. Apple's repair terms and conditions state that,...
iOS 14

Apple Releases iOS and iPadOS 14.4.1 With Security Fixes

Monday March 8, 2021 10:01 am PST by
Apple today released iOS and iPadOS 14.4.1, minor security updates that comes more than a month after the release of the iOS 14.4 update. The iOS and iPadOS 14.4.1 updates can be downloaded for free and the software is available on all eligible devices over-the-air in the Settings app. To access the new software, go to Settings > General > Software Update. According to Apple's release...
iPhone 13 Notch Feature2

iPhone 13 Rumor Recap: Smaller Notch, Larger Batteries, 120Hz for Pro Models, Improved 5G, Wi-Fi 6E, and More

Friday March 5, 2021 8:20 am PST by
While we are likely at least six months away from Apple unveiling the so-called iPhone 13 lineup, rumors about the devices are starting to accumulate, so we've put together this recap of everything that is expected so far. The upcoming iPhone 13 lineup will consist of the same four models and the same screen sizes as the iPhone 12 lineup, according to reputable analyst Ming-Chi Kuo,...
imac pro while supplies last

iMac Pro No Longer Custom Configurable, Available 'While Supplies Last'

Friday March 5, 2021 10:14 pm PST by
Apple appears to be on the verge of discontinuing the iMac Pro, with the store page for the high-end all-in-one Mac including a "While supplies last" tagline and only the base model with no custom configurations available for purchase. The iMac Pro launched in December 2017, and while there have been a few tweaks to the available configurations over the years, it has received no substantial...
apple mixed reality headset mockup feature

Kuo: Apple to Launch Mixed Reality Headset in Mid 2022 and Augmented Reality Glasses by 2025

Sunday March 7, 2021 8:27 am PST by
Apple plans to release its long-rumored mixed reality headset "in mid-2022," followed by augmented reality glasses by 2025, well-regarded analyst Ming-Chi Kuo said today in a research note with TF International Securities, obtained by MacRumors. "We predict that Apple's MR/AR product roadmap includes three phases: helmet type by 2022, glasses type by 2025, and contact lens type by...
smart contact lens

Kuo: Apple May Release Augmented Reality Contact Lenses in 2030s

Sunday March 7, 2021 9:34 am PST by
In a research note shared with MacRumors, analyst Ming-Chi Kuo today predicted that Apple will release augmented reality "contact lenses" in the 2030s. Kuo said the lenses will bring electronics from the era of "visible computing" to "invisible computing." Mojo Vision smart contact lens Kuo said the lenses are "unlikely to have independent computing power and storage," suggesting that they...