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Final Fantasy III from Square Enix, originally released in 1997, currently costs $15.99 on iPhone.
Final Fantasy III from Square Enix, originally released in 1997, currently costs $15.99 on iPhone.

Apple May Have To Cut E-book Prices Within Three Months

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These might get a bit cheaper in the months to come - a good thing for consumers.
These might get a bit cheaper in the months to come - a good thing for consumers.

Cheaper e-books would be great, right? According to industry executives, that may just happen in the next one to three months after a federal judge entered an approval of an antitrust settlement between several e-book publishers and the Justice Department itself.

In the final settlement today, publishers Lagardere, Hachette Book Group, Simon & Schuster, and HarperCollins have the next 10 days to notify e-book retailers like Amazon that any previous agreements regarding e-book pricing are no longer valid. The deal gave publishers only seven days to notify Apple, interestingly enough.

According to the report in the Wall Street Journal, one executive, who asked to not be identified, said, “It could be pretty fast.”

The publishers have to let retailers out of any agreements that prevent discounting, and the retailers are also able to terminate said contracts within 30 days.

Apple to AT&T: Show Me the Money

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AT&T may be subsidizing up to $425 of the cost of each new iPhone it activates for service when the 2.0 3G models launch next month, Barron’s reports.

According to Oppenheimer analyst Yair Reiner, AT&T will cover an additional $125 premium over the carrier’s typical $200 smartphone subsidy because the company thinks the iPhone will increase subscribers and average revenue per user. Apple will receive an additional $100 bounty for every new AT&T customer who signs for service at an Apple Store.

The early book on the new phone is very bullish, with Reiner calling for 15 million units to be sold in 2008 and another 33 million in 2009.