Apple loses its e-book antitrust suit

The judge has ruled against Apple in the suit that the Justice Department brought against it.  Now there’ll be another trial for damages.  And Apple has vowed to appeal.  So nothing is really decided.  But hey, we all know Apple is guilty!

Here is the graphical evidence of what happened to e-book prices when the major publishers, in collusion with Apple, forced Amazon to go to the agency model, thereby ending price competition among e-book vendors:

Prices went up two dollars or more per book overnight.  The exceptions were Random House and all the little publishers; none of them were party to the collusion. Thanks, Apple!