Apple’s loss is a win for some consumers.
The Supreme Court announced on Monday that it will not hear Apple’s appeal for a case that began in 2012.
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Why Apple will have to pay $450 million
That case said Apple fixed prices of e-books and made purchasing unfair for consumers by working with major publishers and overcharging consumers by millions of dollars, according to The Washington Post.
Apple appealed a lower court’s decision to the Supreme Court.
Apple argued that they were responding to Amazon’s significantly low e-book prices.
The Supreme Court did not accept the appeal.
Because of the court’s decision, Apple will have to pay $450 million as part of the last agreed-upon settlement.
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Of that amount, $400 million will go toward reimbursing consumers and the rest will go toward legal costs.
‘Most e-book purchasers will receive reimbursement for the higher prices Apple’s conduct caused them to pay through automatic credits at their e-book retailers,’ the Justice Department said in a statement. ‘They will be able to apply these credits to future purchases.’
A website set up by the lawyers and state attorneys involved said that, based on the $400 million required payment, between $1.39 and $1.50 will go toward each e-book purchased that were not New York Times best-sellers. New York Times bes- sellers will be between $6.05 and $6.54 per e-book.