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[BBC] Toshiba Fined $87M for LCD Price fixing - Page 5

post #41 of 59
7/5/12 at 4:02am
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Quote:
Originally Posted by Krahe View Post

I dont think you understand what price fixing is, there would be no cheaper brands as they are colluding.

Actualy i understand it perfectly fine, Price fixing is where 2 or more companies allign usualy to knock out another manufactoruer or Make additional profit out of it, But not all companies would follow the same suit, Lets say Toshiba, Samsung and uhm hell, Yamakasi Price fixed LCD monitors to be say 1000, Does that mean LG would follow suite? knowing that they could make a ton fo profit being the only one staying at the same price?

And if they all Did, Then guess what, No-one would buy it, And prices would drop back down to what the consumer will pay again, So the problem fixes itself.
Edited by Rayleyne - 7/5/12 at 4:05am
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post #42 of 59
7/5/12 at 5:48am
Quote:
Originally Posted by Rayleyne View Post

Actualy i understand it perfectly fine, Price fixing is where 2 or more companies allign usualy to knock out another manufactoruer or Make additional profit out of it, But not all companies would follow the same suit, Lets say Toshiba, Samsung and uhm hell, Yamakasi Price fixed LCD monitors to be say 1000, Does that mean LG would follow suite? knowing that they could make a ton fo profit being the only one staying at the same price?
And if they all Did, Then guess what, No-one would buy it, And prices would drop back down to what the consumer will pay again, So the problem fixes itself.

No they would not. First of all if there was no law against price fixing then the companies that do price fix could easily bankrupt companies that refuse to engage in shady business practices. Then innovation would come to a screeching halt as there was no more need for competition. And then we would have to pay high prices for sub-par products. You can call a LCD a novelty item or what ever but there are plenty of people that need them for work and if they cant afford them then they can not work and so it all starts to unravel.
Edited by Bit_reaper - 7/5/12 at 5:51am
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post #43 of 59
7/5/12 at 6:04am
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Quote:
Originally Posted by Bit_reaper View Post

No they would not. First of all if there was no law against price fixing then the companies that do price fix could easily bankrupt companies that refuse to engage in shady business practices. Then innovation would come to a screeching halt as there was no more need for competition. And then we would have to pay high prices for sub-par products. You can call a LCD a novelty item or what ever but there are plenty of people that need them for work and if they cant afford them then they can not work and so it all starts to unravel.

Nothing stops them from picking up an old CRT, Last i checked CRt's have better colour representation then Most LCd's on the market.

Oh and No professional needs a new LCD screen every 2 weeks, Most take years to die... Yep... I don't see any problems, And there is no ~need~ for them when alternatives are still available and you can get LCD monitors on ebay fairly cheaply too.
Edited by Rayleyne - 7/5/12 at 6:19am
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post #44 of 59
7/5/12 at 6:05am
Quote:
Originally Posted by Rayleyne View Post

Nothing stops them from picking up an old CRT, Last i checked CRt's have better colour representation then Most LCd's on the market.

And what happens when the supply of old CRT's have been exhausted? Monitors don't last forever you know.
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post #45 of 59
7/5/12 at 6:23am
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Quote:
Originally Posted by Bit_reaper View Post

And what happens when the supply of old CRT's have been exhausted? Monitors don't last forever you know.


There are still more then plenty around if you know where to look, It's not like we are going to run out in a week or two, it'd take many months given how sturdy those things are, I've seen CRT Tv's live for 18 years +, Doubt the CRT monitor is going to crap itself anytime soon, And by then, if no-ones buying these LCD monitors, The companies will go bankrupt unless they lower prices (Maybe not toshiba since they make other things aswell) But you get the picture, The problem will fix itself, Companies don't last forever if they have no income you know
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post #46 of 59
7/5/12 at 6:34am
Quote:
Originally Posted by Rayleyne View Post

There are still more then plenty around if you know where to look, It's not like we are going to run out in a week or two, it'd take many months given how sturdy those things are, I've seen CRT Tv's live for 18 years +, Doubt the CRT monitor is going to crap itself anytime soon, And by then, if no-ones buying these LCD monitors, The companies will go bankrupt unless they lower prices (Maybe not toshiba since they make other things aswell) But you get the picture, The problem will fix itself, Companies don't last forever if they have no income you know

Its not a question of how long cheap used monitors would last as the would eventually run out. The companies would not be stupid enough to bankrupt themselves with to high prices obviously but there would be and huge premium on everything much like it was in the early days of computers. Sure there would be some monitors made for "poor" people but thees would bee small low quality monitors that are made as cheaply as possible and they could still charge plenty for them as people need them in the same way they need gasoline for example. So unlike now that you can pick up a decent monitor for as little as 100$ you would be forced to pay 150-200$ for a crap monitor. And you could forget about 600$ IPS panels as they could just ramp up the price to 1600$ as they would still sell just as good as they are needed in professional environments.
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post #47 of 59
7/5/12 at 6:39am
price fixing?in lcd or other never work!why!people just dont buy till the screen come back to proper price!
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post #48 of 59
7/5/12 at 6:47am
Quote:
Originally Posted by drbaltazar View Post

price fixing?in lcd or other never work!why!people just dont buy till the screen come back to proper price!

Then I ask you, do you always wait for gass prices to come down? If you do then I suppose you haven't filled up your car since the 80's rolleyes.gif It is the same thing. You cant just wait for stuff to come down in price. What if your monitor breaks? How long are you going to wait in hopes that the prices comes down before you just go out and buy one? The same thing can be seen with the HDD market. After the flood people still bought HDD even though they where much more expensive than before.
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post #49 of 59
7/5/12 at 6:50am
Quote:
Originally Posted by Bit_reaper View Post

Then I ask you, do you always wait for gass prices to come down? If you do then I suppose you haven't filled up your car since the 80's rolleyes.gif It is the same thing. You cant just wait for stuff to come down in price. What if your monitor breaks? How long are you going to wait in hopes that the prices comes down before you just go out and buy one? The same thing can be seen with the HDD market. After the flood people still bought HDD even though they where much more expensive than before.

i stopped having a car 10 years ago(about the time the gas price started to climb!been waiting for gas to come down!now that america know they own pretty much all the discovered gas and natural gas price should drop fairly soon!(NOT LOL)
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post #50 of 59
7/5/12 at 7:02am
Well its nice that you don't need a car and had the option of giving it up but that's not the case for everyone. I'm sure there are plenty of people that could live without there computers but then there are thous that need them. The point I was trying to get across was that many people would just have to suck it up and pay the premium price much like many of us have had to just accept the fact that gass is very expensive now days.
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