Apple Affected by LCD Price Fixing by LG, Sharp, Chunghwa

Apple Affected by LCD Price Fixing by LG, Sharp, Chunghwa

http://www.macrumors.com/2008/11/12/apple-affected-by-lcd-price-fixing-by-lg-sharp-chunghwa/

CNet reports that LG Display, Sharp, and Chunghwa Picture Tubes pled guilty to criminal charges for LCD price-fixing and agreed to pay $585 million in fines.

The three companies worked in concert to set prices on thin-film transistor LCDs, which are used in computer monitors, notebooks, televisions, mobile phones, and various electronics, according to the antitrust unit of the Justice Department.

The three LCD companies are reported to have held meetings about setting prices on LCD displays and agreed to charge predetermined prices to customers. Apple, Dell and Motorola were among the companies affected by this illegal price-fixing.

Based on the article, Apple was only affected between September 2005 and December 2006 when the company used Sharp's LCDs for the iPod's screen.

at least these companies have been caught

yep, and that's how it should be

yep, let's hope this doesn't happen again

it should have never happened

that's right, it shouldn't have

nope, but it did. and let's hope it doesn't again

$585 million is a lot of money, maybe they learned their lesson

let's hope they have

they had better

i think they have

you have no way of knowing that

well, anyways, hopefully apple doesn't have to worry about this ever again

i don't think so

me either

apple is safe

yes they are

ookay

i'm gettting tired of talking about this

me2

so stop