LCD screens are becoming commodities, being produced for phones, TVs, computers, game systems, MP3 players, and many more devices. With the screens being so common, their cost -- and profit -- naturally falls, so what's a little collusion among friends?
LG.Philips, Samsung, Sharp, and others have been contacted by authorities in the U.S., Europe, Japan, and/or Korea about working together to keep LCD prices high; so far, the investigation relates to devices from 2003 and 2004.
We always thought LCDs were expensive, especially a few years ago. We're interested in finding out if we're just miserly or if the prices have been artificially high. Probably both.
LCD Price-Fixing Investigation Goes Global
UPDATE: Regulatory Probe of LCD Market Widens