Dating back to 2013, Apple has been stuck in courts fighting a battle over price fixing for digital books found within its iBooks Store.
There have been milestone moments ever since, including Apple being hit with an initial ruling to pay out $450 million after losing the initial case. Soon after that, in June of last year, Apple lost its appeal in a U.S. federal judge’s courtroom, which meant that Apple was still on the hook to pay out $450 million. However, the Cupertino-based company took the case all the way to the Supreme Court, to which a decision has been made.
Unfortunately for Apple, as reported by Bloomberg, the U.S. Supreme Court has flat-out rejected Apple’s appeals case. Which means Apple will now have to pay that $450 million.
Apple filed the appeal back in October of 2015, in hopes that it would get that initial $450 million ruling overturned. However, that didn’t turn out to be the end result. Now that the Supreme Court has rejected Apple’s appeal, the company will need to pay $400 million directly to e-book consumers. $30 million will then go to legal fees, with the final $20 million being shelled out to states that were involved in the litigation.
Apple actually began sending out iTunes credits to those who shopped the iBooks Store all those years ago in 2015, but it will have to do so now at a much faster rate.[via Bloomberg]