Except for Tuesday, shares of Apple
) closed within a few dollars of the $500 level every day in the past week, gaining $11 or 2.26 over the course four-day trading period. On Friday, the iPhone maker closed up $2.95, or 0.60 percent, at $498.22. Here’s a cheat sheet to today’s top Apple stories:
Here Is Apple’s Antitrust Punishment
Apple’s long-running battle with the U.S. Department of Justice over its proposed antitrust remedies is finally over now that Judge Denise Cote has issued an injunction
against Apple, reports Gigaom
. However, the stipulations outlined in the injunction will continue to affect Apple’s e-book business for years to come.
The final injunction is seen as victory for the Department of Justice since the judge kept many of the government’s original requests. For example, Apple is not allowed to enter into “any agreement with an E-Book Publisher relating to the sale of E-books that contains a Retail Price MFN [most favored nation].” Apple unsuccessfully argued that this restriction should only apply to the five publishers that were found liable in Apple’s e-book price-fixing conspiracy… (Read more.)