Apple and the monopoly on the Ebook – Arise Amazon Kindle!

The Department of Justice has accused Apple and five of the world’s largest publishers of conspiring to increase e-book prices. The publishers have all settled with the authorities but Apple has insisted that it is innocent and is standing trial in New York. Mr Cue was responsible for negotiating Apple’s entrance into the e-book market before the launch of the iPad in 2010.

Lawrence Buterman, the Department of Justice lawyer, asked: “Apple was happy for its consumers to be paying $14.99 [£9.55] for bestselling books that previously were available for $9.99, as long as they [the consumers] could not buy it for less than $14.99 anywhere else?”

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Apple auctions first computer for a whopping $390k!

It was designed and built by Steve Wozniak in Palo Alto, California. The late Jobs came up with the idea of selling it and the pair went on to found Apple, now the world’s most valuable technology company.

The original device comprised a single motherboard mounted on a wooden base, but came without a keyboard, a transformer or a display. It sold for $666.66, a price determined by Jobs, who thought the unusual number would be eye-catching.

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