SALES: Amazon and Barnes & Noble were pressured to let publishers set prices after Apple reached a deal for iPad.
Amazon.com Inc. and Barnes & Noble Inc. increased electronic book prices for many bestsellers on their Web sites Friday after agreeing to give publishers control over how much their products cost online.
Author Hilary Mantel's "Wolf Hall," published by Macmillan, costs $12.99 for delivery to the Amazon.com Kindle and Barnes & Noble Nook, up from $9.99 previously. The price change was the same for the e-book version of the "The Help" by Kathryn Stockett.
Amazon and Barnes & Noble had been under pressure to allow publishers to set prices for their digital books after Apple Inc. reached a similar accord for its iPad, being released today.
Apple will let publishers determine the price of titles and give them 70 percent of the revenue, people familiar with the situation said in February.
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We can say "thank you" to Apple for cooperation with publishers and for new eBook pricing... good job!