The U.S. government had sued Apple and five publishers, saying they conspired to fix the prices of electronic books. It has reached a settlement with three of the publishers that could lead to cheaper e-books for consumers.
"The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry," Apple spokeswoman Natalie Kerris told the Journal.
Kerris defended the current pricing structure as parallel to Apple's mobile software store.
"Just as we have allowed developers to set prices on the App Store, publishers set prices on the iBookstore," she told newspaper.