European commission fines asus, denton & marantz, philips and pioneer for pricing
Table of contents:
The European Commission has fined four manufacturers of consumer electronic products for engaging in pricing practices within Europe, keeping their device prices at artificially high levels to increase their profit margin.
Asus, Denton & Marantz, Philips and Pioneer are fined by the European Commission for artificially maintaining high prices
The four affected are Asus, Denton & Marantz, Philips and Pionee r, with fines totaling € 111 million, although they have been reduced thanks to the cooperation of the affected companies with the European Commission. Asus has the largest fine, totaling € 63, 522, 000, which was reduced by 40% thanks to cooperation with the Commission's investigation. This fine is larger than that of the other three manufacturers combined, primarily due to Asus' size and scale in the electronics market.
We recommend reading our post on the best motherboards on the market
Denon & Marantz was fined € 7, 719, 000, Philips was fined € 29, 828, 000 and Pioneer was fined € 10, 173, 000. All of them were reduced by 40%, 40% and 50% respectively thanks to the different levels of cooperation with researchers. The European Commission decision aims to protect consumers from pricing practices, and to maintain a market where retailers can offer consumers competitive prices.
The European Union is based on the free movement of goods, people and services, allowing European citizens to access more consumption options, both in terms of products and their place of origin. The European Commission is designed to protect the rights of consumers, with the aim of creating a fair market for both competition and customers. What do you think of this fine from the European Commission?
Overclock3d fontAmd Announces Performance And Pricing Of Ryzen Threadripper 1950x, 1920x And 1900x
AMD does not forget about its new processors and has given more performance and price data for the Ryzen Threadripper 1950X, 1920X and 1900X models.
The European Commission fines Qualcomm for abusing its dominant position
The European Commission has imposed Qualcomm a fine of 997 million euros for abusing its dominant position in the market after having paid thousands of
European Commission fines capacitor producers of € 254m
The European Commission has issued a millionaire fine to capacitor manufacturers for around 254 million euros. The targets of the latest fine on association and price manipulation target nine Japanese capacitor manufacturers.
