The U.S. Supreme Court today said it will not review an appeal made by Apple over its role in raising the price of e-books.
In June, a lower court ruled Apple conspired with five book publishers to increase the cost of electronic books in violation of antitrust regulations.
Amazon and others commonly sold e-books for $9.99, but prices climbed to $12.99 and $14.99 for many titles after Apple launched its own iBook store. Since the U.S. Supreme Court declined to hear Apple’s case, the lower ruling stands as-is.
With its legal recourse exhausted, Apple is now on the hook for a $450 million settlement with attorneys general in 33 states.
