Apple May Challenge Kindle on E-book Pricing After All

When Apple announced that its ebooks, destined for its upcoming iPad tablet, would sell for $12.99 to $14.99, well above Amazon's established $9.99 price, publishers beamed. But more details on Apple's deal with those publishers has come to light, and it turns out that price was actually a ceiling--and Apple has the power to demand lower prices for bestsellers.

The New York Times is reporting that Apple inserted provisions into its contract with the major publishers that require bestsellers...