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This seems to be a post implying that price fixing in the electronics industry is unthinkable because electronics are complex to manufacture. The actual histor
by anon1385 13y ago
This seems to be a post implying that price fixing in the electronics industry is unthinkable because electronics are complex to manufacture.
The actual history of the industry would indicate that price fixing is common: the LCD[1], RAM[2], optical drives[3][4], GPU[5] and CPU[6] markets have all faced massive scandals involving price fixing or other anti competitive collusion, often resulting in huge fines.
[1] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP1P0CBFZssE http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP1P0...
[2] http://en.wikipedia.org/wiki/DRAM_price_fixing http://en.wikipedia.org/wiki/DRAM_price_fixing
[3] http://www.computerworld.com/s/article/9243591/HP_sues_seven_optical_drive_makers_over_price_fixing http://www.computerworld.com/s/article/9243591/HP_sues_seven...
[4] http://www.pcworld.com/article/240937/hitachilg_data_storage_to_plead_guilty_on_pricefixing.html http://www.pcworld.com/article/240937/hitachilg_data_storage...
[5] http://www.engadget.com/2008/09/28/nvidia-details-settlement-for-price-fixing-fiasco/ http://www.engadget.com/2008/09/28/nvidia-details-settlement...
[6] http://www.nytimes.com/2009/05/14/business/global/14compete.html?pagewanted=all http://www.nytimes.com/2009/05/14/business/global/14compete....
- mikeash 13y agoI'm really just trying to imply that price fixing in the TV industry seems unlikely because TVs are unbelievably cheap compared to what I know (admittedly, little) of the cost to manufacture them. Price fixing in electronics seems entirely possible, and I don't doubt that it happens. But if it was happening in the world of TVs, surely TVs would cost more than they do now.