Apple has responded to the Justice Department's antitrust lawsuit accusing the company of conspiring to fix prices of electronic books, reports Reuters.
In a U.S. District Court of Manhattan filing, Apple denied the allegations calling the lawsuit "fundamentally flawed".
Apple argued that its foray into e-books has actually fueled demand for e-books by forcing Amazon and rivals, including Barnes & Noble Inc, to compete more aggressively, including by upgrading e-reader technology.
"Apple's entry into e-book distribution is classic procompetitive conduct" that created competition where none existed, Apple said in its court papers. "For Apple to be subject to hindsight legal attack for a business strategy well-recognized as perfectly proper sends the wrong message to the market," it added. "The government's complaint against Apple is fundamentally flawed as a matter of fact and law."
Get the iClarified Daily Newsletter
Apple news, rumors, tutorials, price drop alerts, in your inbox every evening, free.
Unsubscribe at any time.
Success!
You have been subscribed.
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?