3 Tech Titans Making Noise: Apple Found Guilty of Price Fixing, Amazon Slashes Cloud Prices, and Google Overhauls Maps for Android
Apple Inc. (NASDAQ:AAPL): U.S. District Judge Denise Cole in Manhattan has determined that Apple is guilty of violating antitrust laws and conspiring to fix e-book prices, opening the doors for a damages trial to take place. Apple’s publishing counterparts have already settled with the Department of Justice. The alleged collusion began in late 2009 and continued into early 2010 in connection with the Silicon Valley giant’s launch of its popular iPad tablet, Reuters reported.
Amazon.com Inc. (NASDAQ:AMZN): Amazon Web Services has cut its EC2 cloud computing prices for dedicated instances (i.e. hardware dedicated to a single client) by up to 80 percent, sending shares of Rackspace (NYSE:RAX) plunging more than 6 percent. Cutting prices is routine at Amazon, but the sheer magnitude of the latest chop has Rackspace investors jumping ship before the user migration takes a material effect on the hosting company.
Google Inc. (NASDAQ:GOOG): Google has given its Map app for Android a significant refresh, with information cards, cleaner fonts, and radically fewer buttons and menus. The app has been optimized for both smartphones and tablets, offers more Zagat content, improved navigation, and Google Offers integration, hinting that the company may be trying to monetize its map program.
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