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Apple will pay $450 million to close the iBook Store pricing case

In July 2013 Apple was found guilty of fixing the prices of digital books in its iBooks Store. That sentence now comes to a possible end after a deal was approved in which Apple will pay $450 million .

That agreement, unusual as they have stated, is due to a way of speeding up a process and the affected party getting a benefit. And as Reuters reports, 400 million will be for consumers and 50 million for legal costs . Of course, Apple has the right to appeal so if it gets the annulment it would only have to pay 50 million to consumers and 20 million for lawyers.

Apple will pay $450 million to close the iBook Store pricing case
Apple will pay $450 million to close the iBook Store pricing case

We could say that this whole issue is already settled, the sources indicate that they do not believe that the appeal will succeed in changing the sentence. But, until it is decided, what we can say is that Apple did wrong according to the judge in the case, so it’s time to pay.

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