Thread: Apple: we broke "Amazon's monopolistic grip" on e-book industry
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Old 04-14-2012, 01:29 PM   #12
curtw
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Quote:
Originally Posted by Barcey View Post
It's ironic that Amazon basically copied the iPod model play by play and now Apple critisizes their monopoly. I'm sure this isn't lost on anyone and Apple's official statement is just laughed off.
That is absolutely false. Apple did not sell digital music at a loss, hoping to "outlast" the competition. They offered music at a fair price, with a published profit margin. What the market decided was that this was a fair price and a superior user experience, and people flocked to it.

Amazon's $9.99 price was *only* designed to eliminate the competition, no matter how much you feel it benefited you, the customer. In the long run, if Amazon had been able to establish a monopoly in e-books, how much do you think books would cost?
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