Monday, August 20, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Logitech Goes Vertical With Advanced Ergonomic Mouse
Xpanded LG XBOOM Audio lineup takes Stage at IFA 2018
Amazon to Release Live TV Recorder
U.S. Wants to Wiretap Facebook Messenger, Report Says
More Affordable, 13-inch MacBook and $160 AirPower Expected at Apple's Event
Google to Launch Its Own Smart Display, Report Says
Nvidia Reports Record Revenue From Datacenter, Gaming, Professional Visualization, Automotive
Arm Client CPU Roadmap Includes Advanced Hercules and Deimos Chips
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Europea...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, July 24, 2018
European Commission Fines Asus, Denon and Marantz, Philips and Pioneer Over Price Fixing


The European Commission today fined, in four separate decisions, consumer electronics manufacturers Asus, Denon & Marantz, Philips and Pioneer for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules.

The fines totalling over 111 million euros were in all four cases reduced due to the companies' cooperation with the Commission.

According to the European regulators, Asus, Denon & Marantz, Philips and Pioneer engaged in so called "fixed or minimum resale price maintenance (RPM)" by restricting the ability of their online retailers to set their own retail prices for widely used consumer electronics products such as kitchen appliances, notebooks and hi-fi products.

The four manufacturers intervened particularly with online retailers, who offered their products at low prices. If those retailers did not follow the prices requested by manufacturers, they faced threats or sanctions such as blocking of supplies. Many, including the biggest online retailers, use pricing algorithms which automatically adapt retail prices to those of competitors. In this way, the pricing restrictions imposed on low pricing online retailers typically had a broader impact on overall online prices for the respective consumer electronics products.

Moreover, the use of sophisticated monitoring tools allowed the manufacturers to track resale price setting in the distribution network and to intervene swiftly in case of price decreases.

The EC says that the price interventions "limited effective price competition between retailers and led to higher prices with an immediate effect on consumers."

In particular, Asus monitored the resale price of retailers for certain computer hardware and electronics products such as notebooks and displays. The conduct of Asus related to two Member States (Germany and France) and took place between 2011 and 2014. Asus intervened with retailers selling those products below the resale prices recommended by Asus and requested price increases.

Japanese Denon & Marantz engaged in resale price maintenance with respect to audio and video consumer products such as headphones and speakers of the brands Denon, Marantz and Boston Acoustics in Germany and the Netherlands between 2011 and 2015.

Philips engaged in resale price maintenance in France between the end of 2011 and 2013 with respect to a range of consumer electronics products such as kitchen appliances, coffee machines, vacuum cleaners, home cinema and home video systems, electric toothbrushes, hair driers and trimmers.

In parallel to resale price maintenance with respect to products such as home theatre products, iPod speakers, speaker sets and hi-fi products, Pioneer, headquartered in Japan, also limited the ability of its retailers to sell-cross border to consumers in other European countries in order to sustain different resale prices in different countries, for example by blocking orders of retailers who sold cross-border. Pioneer's conduct lasted from the beginning of 2011 to the end of 2013 and concerned 12 countries (Germany, France, Italy, the United Kingdom, Spain, Portugal, Sweden, Finland, Denmark, Belgium, the Netherlands and Norway).

All four companies cooperated with the European Commission by providing evidence and by acknowledging the facts and the infringements of EU antitrust rules.

The Commission therefore granted reductions to the fines depending on the extent of this cooperation ranging from 40 % (for Asus, Denon & Marantz and Philips) to 50 % (for Pioneer).

Philips' fine was 29.8 million euros, Asus 63.5 million euros, Pioneer 10.2 million euros and Denon & Marantz 7.7 million euros.



Previous
Next
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects        All News        Toshiba Delivers First SSD Using 96-Layer 3D Flash Memory
Sony Launches the MASTER Series of 4K HDR TV with the AF9 OLED and ZF9 LCD Models Optimized for Netflix     Consumer Electronics News      Samsung Confirms Entry Into the Smart Speaker Market This year

Get RSS feed Easy Print E-Mail this Message

Related News
Pioneer Looking For Tie-up in the Car Electronics Business
Pioneer to Release New Blu-ray Disc Burners For Long-term Archiving
ASUS Announces New ZenBook and VivoBook Notebooks, Project Precog Future PC Concept and VivoWatch BP Healthcare Wearable at Computex 2018
Computex: ASUS Republic of Gamers Announces ROG Phone, CPU Coolers, Routers, Gaming laprops and Accessories
ASUS H370 Mining Master Connects 20 GPUs to one Motherboard
ASUS Chromebox 3 Series Coming in July
Philips Momentum 43" HDR Monitor Achieves 1,000 nits of Brightness
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
ASUS Announces the AMD-Exclusive 'AREZ' Brand for Radeon Graphics Cards
ASUS Republic of Gamers Announces New Gaming System Lineup
ASUS Announces H370 and B360 Series Motherboards
Pioneer Releases 80th Anniversary TAD-ME1 "Micro Evolution One" Speakers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .