Thursday Apple Rumors: Apple Targeted by Justice Department

Government threatening antitrust litigation over e-book pricing

   

daily apple rumors  300x180 Thursday Apple Rumors: Apple Targeted by Justice DepartmentHere are your Apple rumors and AAPL news items for Thursday:

Apple Confronted by Department of Justice: The Wall Street Journal reports that Apple (NASDAQ:AAPL) and five U.S. publishing houses are being directly threatened with antitrust litigation over allegations they colluded to raise the price of e-books. While Apple has declined to comment, the Justice Department is making explicit claims that Apple collaborated to raise the industry-wide price of e-books. In anticipation of the 2010 iPad debut, Apple allegedly met with its publishing partners, including News Corp. (NASDAQ:NWSA) and CBS (NYSE:CBS) subsidiaries, to change syndication methods to a format clearly advantageous to its own sale model. The most damning claims hinge on details that Apple shifted the e-book sale paradigm toward an “agency model” that was unfavorable to competitor Amazon (NASDAQ:AMZN) — and then coerced the Kindle designer into signing an agency contract.

New Apple TV On Sale March 16: While Apple unveiled a renovated iPad at yesterday’s conference, changes to its tablet weren’t the only revelations. As the Huffington Post reports, CEO Tim Cook revealed a rash of new details about Apple TV. The new Apple TV will feature 1,080p hi-def display and a redesigned icon-based interface. Apple’s venture into the streaming content market also will be further integrated with the iCloud — allowing access to movies in addition to TV shows and music. The new Apple TV will go on sale for $99 next Friday.

iPad Renovated for Video Games?: CNN reports there is mounting speculation that the iPad might be gearing up to run CPU-demanding video games. Anticipation that the new iPad would feature a display overhaul were confirmed yesterday when Tim Cook revealed the updated tablet as a “graphics powerhouse.” However, graphics overhaul and performance speed augmentation may have a greater goal — turning Apple’s tablet into a gaming device able to host much more serious titles than simpler programs like Rovio’s Angry Birds.

Adam Patterson is Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities. For more from the company, check out our previous Apple Rumors stories.


Article printed from InvestorPlace Media, http://investorplace.com/2012/03/thursday-apple-rumors-apple-targeted-by-justice-department/.

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