Apple Says E-Book Prices Dropped After IBookstore Launch

Law360, New York (June 19, 2013, 3:34 PM EDT) -- An expert witness for Apple Inc. on Wednesday challenged the U.S. Department of Justice's price-fixing case against the iPad maker, testifying in New York that digital book prices have decreased since it launched the iBookstore in 2010 as the closely watched antitrust trial wound down.

Michelle Burtis, a senior adviser at economic consulting firm Cornerstone Research, said Apple's entry into the e-books market created new competition among publishers, dropped retail prices and helped increased output of digital books.

Burtis' research directly contradicts the basis of the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.