1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

News Asus hit with £56.5m price-fixing fine

Discussion in 'Article Discussion' started by bit-tech, 25 Jul 2018.

  1. bit-tech

    bit-tech Supreme Overlord Staff Administrator

    Joined:
    12 Mar 2001
    Posts:
    1,712
    Likes Received:
    32
    Read more
     
  2. 23RO_UK

    23RO_UK Hasta Mañana

    Joined:
    4 May 2010
    Posts:
    4,126
    Likes Received:
    447
    Asus Tax, Myth??

    Busted :lol: :lol: :lol:
     
    TheMadDutchDude and MLyons like this.
  3. David

    David RIP Tel

    Joined:
    7 Apr 2009
    Posts:
    12,793
    Likes Received:
    1,951
    £56.5m?

    They probably made double that in the last quarter
     
  4. Mister_Tad

    Mister_Tad Super Moderator Super Moderator

    Joined:
    27 Dec 2002
    Posts:
    11,820
    Likes Received:
    478
    I was discussing price-fixing after-sales quality assurance with friendly local AV dealer just recently. It's not just Denon/Marantz... Arcam, Sonos, Bluesound, B&W... all sorts do it and always have done.

    I'm sure there's more nuance to it in writing, but basically there's an expectation of a minimum advertised price else the manufacturer pulls particular items from your inventory, or even strikes you off the approved dealer list entirely. Online ordering is often disallowed as well, carving up territories and further limiting any cannibalistic competition - all in the name of "ensuring the quality of after-sales support" or something ridiculous like that. I could never fathom how they've gotten away with it for so long.

    That doesn't necessarily mean you're always paying list as there are various ways around it in the case of AV, where the dealers should know their way around it and be able to be flexible with pricing (if they want to be). With PC components, I guess it just is what it is and you either accept it or take your business elsewhere.
     
  5. Wakka

    Wakka Yo, eat this, ya?

    Joined:
    23 Feb 2017
    Posts:
    1,587
    Likes Received:
    363
    And nobody is surprised. Just like any sector of business, the big boys pull all the strings and move and orchestrate the industry in whatever way makes them the most money. It's no different to what is going on with Samsung, SK Hynix and Micron - hope they get taken to the cleaners, the lot of them.
     
    jenners likes this.
  6. David

    David RIP Tel

    Joined:
    7 Apr 2009
    Posts:
    12,793
    Likes Received:
    1,951
    The fines for price fixing are worth paying if you're an industry leader, like Samsung or someone similar - a few hundred million in penalties every few years when the benefits are in the billions per year.
     
  7. jenners

    jenners New Member

    Joined:
    16 Jul 2018
    Posts:
    24
    Likes Received:
    1
    they should start bringing out quarterly charges then lol.

    that would soon eat into their profits and make them think twice.

    trouble is the rules as most know are designed to make the rich richer sadly.
     
  8. Corky42

    Corky42 What did walle eat for breakfast?

    Joined:
    30 Oct 2012
    Posts:
    8,856
    Likes Received:
    258
    Technically their not meant to be getting away with it as resale price maintenance has been illegal in the UK for half a century, unfortunately there's not been much in the way of enforcement over those years.

    It's probably pretty difficult to prove, going on the companies named in the article getting rewarded for their cooperation, a RRP is meant to be a recommended retail price, trying to prove a company is doing more than just recommending a minimum price is, i would imagine, really difficult.
     
    Last edited: 2 Aug 2018
Tags: Add Tags

Share This Page