Breaking News

Gigabyte announces X870 and B850 AORUS STEALTH ICE Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability Razer announces Clio Chair Accessory for Audio Immersion Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

European Commission Fines Asus, Denon and Marantz, Philips and Pioneer Over Price Fixing

European Commission Fines Asus, Denon and Marantz, Philips and Pioneer Over Price Fixing

Consumer Electronics Jul 24,2018 0

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.

Tags: price fixingASUSDenonPhilipsPioneer
Previous Post
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects
Next Post
Toshiba Delivers First SSD Using 96-Layer 3D Flash Memory

Related Posts

  • ASUS Celebrates DOOM The Dark Ages Collaboration with Global Bundle

  • ASUS Announces TUF Gaming T500

  • ASUS Announces Availability of ZenWiFi BD4 Outdoor

  • ASUS and ROG to Unveil AI Innovations and Immersive Gaming Experiences at Computex 2025

  • ASUS Introduces Upgraded TUF Gaming A14

  • ASUS Announces Latest ExpertBook P1 Models

  • G.SKILL and ASUS Achieves New DDR5 Memory Frequency Overclock World Record at DDR5-12772

  • ASUS Announces VivoWatch 6 AERO

Latest News

Gigabyte announces X870 and B850 AORUS STEALTH ICE
PC components

Gigabyte announces X870 and B850 AORUS STEALTH ICE

Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor
Gaming

Samsung Launches Odyssey G6 World’s First 500Hz OLED Gaming Monitor

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability
Smartphones

Samsung Galaxy S25 Edge Features New Corning Gorilla Glass Ceramic 2 for Enhanced Durability

Razer announces Clio Chair Accessory for Audio Immersion
Consumer Electronics

Razer announces Clio Chair Accessory for Audio Immersion

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go
PC components

Razer Unveils Ergonomic Gaming Mouse and Keyboard for Gaming on the Go

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Rock 5

be quiet! Dark Rock 5

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed