U.S. LAW VS APPLE
Herzing University Madison
Apple Computer Inc., established in 1976 and incorporated from January 3, 1977. The founders of Apple Inc. was a Steve Jobs and Steve Wozniak. Now it is a multinational organization and running so many businesses like consumer electronics, personal computers, computer software, and commercial serves and is also a digital distributor of media content. The Apple in itself is a big name and brand to work with. The Apple Inc. is currently involved in e-books price fixing and it has reached a settlement with 33 states over electronic book price fixing and its paying fine to government around $400 million. At the very first site, the case appears to be normal than the many in horizontal price – fixing conspiracy between five book publisher which is Penguin Group, Harper Collins, Simon and Schuster, Hachette and Macmillan, now this constituted a per se violation of Section 1 of the Sherman Act. In true sense, Apple was not a book publisher than the e – book market retailer. This legal action explored many horizontal views to legal issue raised by U.S. vs Apple Inc.
Keywords: U.S. Antitrust Law, Sherman Act, Price – fixing, U.S vs Apple
U.S. LAW VS APPLE
What is U.S. ANTITRUST LAW? According to Wikipedia, The United States antitrust law is a collection of federal and state governments’ laws, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. The main object of these laws to prohibit business practices likewise to protect small businesses as well as consumer’s benefit of competition and which results increases in prices for products and services. There is total three main Federal antitrust laws which are: 1. The Sherman Antitrust Act 2. The Clayton Act 3. The Federal