| August 10, 2011 | No comment yet
Jeff Bezos and the folks at Amazon redefined the e-books readers market back in 2007 when they introduced the Kindle, and since then, the device has enjoyed an impressive track record. Until the introduction of the iPad mid last year, the Kindle had virtually no viable competitors, and was the undisputed king of the market.
Now that tens of millions of iPads have been sold, things are much less rosy for Amazon’s eReader. In a little over a year, Apple managed to take a large portion of the eReader market away from Amazon, and is now getting close to catching up with its competitor.
But here is a piece of news that will rejoice the Amazon CEO: Apple and a slew of publishers are being sued by a Washington-based law firm for e-books price collusion. Joining Apple are Hachette, HarperCollins, Macmillan, Penguin, as well as Simon & Schuster.
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