Bringing an end to Apple’s long-running iBooks price fixing scandal, affected customers will today receive their settlement payment for books bought between April 1, 2010 and May 21, 2012.
Settlements work out at $1.57 for the majority of e-books, increasing to $6.93 for New York Times bestsellers. Publishers involved in the suit include the Hachette Book Group, HarperCollins, Macmillan, Penguin Group, and Simon & Schuster — all of whom were found guilty of colluding with Apple to fix e-book prices.
On June 20, 1994, Apple launched its short-lived eWorld service. Why is eWorld so significant? Because it represented Apple’s first deep dive into being a provider of internet services — several years before Steve Jobs returned to the company and embraced the importance of going online.
