Apple burnt by LCD price fixing

in General Discussion edited January 2014
LG, Sharp, and Chunghwa Picture Tube agreed Wednesday to plead guilty to price fixing in the market for LCD displays and will pay $585 million in fines, the U.S. Justice Department announced.

CNet notes that Sharp's role in the matter affected Apple from September 2005 to December 2006, when it supplied Apple with displays for iPods.

"Although Sharp admits to engaging in price fixing with Apple's iPod screens in the 2005 to 2006 period, it remains unclear whether other vendors may have engaged in a similar behavior with Apple back in 2002," the report states.

"That's when Apple was hit with a component shortage of 15-inch LCD panels for its newly introduced all-in-one flat panel iMacs. As a result, Apple suffered a shortage of iMacs after introducing and touting its sleek iMac."
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