E-books are a rapidly growing industry, and companies such as Apple and Amazon.com are looking to cash in on it. Times have been tough lately for Apple, however, and not just because of its low stock price.
Last April, the Department of Justice filed a lawsuit against Steve Jobs' brainchild, as well as five of the United States' largest publishers. The suit claimed that these companies had been involved in price fixing for many of their e-book products.
Even after a year, the case has yet to be resolved. However, tensions are building between Apple and Amazon over e-books, and one of Apple's chief executives has been called to testify in the case. Could this case be detrimental, or is it not that big of a deal? Fool contributor Caroline Bennett has more in the following video.
There's no doubt that Apple is at the center of technology's largest revolution ever and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple and what opportunities are left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
This article was originally published as Apple's E-Book Suit: A Series of Unfortunate Eventson Fool.com
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