Apple and Amazon to offer credit for e-books

Jerimiah Yap – Fourth Estate Cooperative Writer

San Francisco, CA, United States (4E) – Buyers of e-books will receive credits for future purchases according to Apple and Amazon. The two companies along with major publishers recently settled a lawsuit with US Department of Justice, which has forced Apple and Amazon to offer buyers credits.

Buyers who are qualified for refunds are those who purchased e-books between April 1, 2010 and May 21, 2012. The buyers can choose to receive a refund or use the credit to purchase e-books. Amazon will also allow customers to purchase print books with received credits.

In an email sent by Amazon, the biggest online retailer stated: “settlements are a big win for customers and [we] look forward to lowering prices on more Kindle books in the future.”

“Amazon and Apple sent emails to their customers over the weekend to explain the credit and settlement, which is pending court approval at a hearing in February. Both emails explained that the settlement is between the government and the publishers.,” according to CNN Money.

Apple was sued by the US Department of Justice alleging the company raised the price of e-books with the help of several major publishers. Publishers Hachette Book Group, HarperCollins and Simon & Schuster are included in the lawsuit and have agreed to provide credit worth $69 million for affected customers. Publishers Macmillan and Penguin are included in the lawsuit but have decided not to settle.

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