Nokia sues top LCD makers over alleged price fixing

By on Dec 1, 2009 at 11:50 AM
News December 1, 2009

broken-lcd

In the future, the cost of your next smartphone might decrease by a few pennies thanks to a new lawsuit brought on by Nokia against some of the world’s largest LCD manufactures. Filed simultaneously in both the United States and the England on November 25th, Nokia is alleging that AU Optronics, Hitachi, LG, Philips, Samsung, Seiko Epson, Sharp, Toshiba and others willingly conspired to “artificially inflated the price of liquid crystal displays ultimately incorporated into LCD products purchased by Nokia, causing Nokia to pay higher prices.” Earlier this year, AT&T started a similar lawsuit after LG, Chunghwa Picture Tubes and Sharp pled guilty to price fixing which eventually caused Hitatchi to come clean. Of course with Nokia’s financial situation being what it is, any savings brought on by a successful lawsuit could just as easily — and most likely — be contributed towards the companies profit margins. So far Nokia has yet to go on the record regarding the remedies it is seeking, but we imagine the information will become clear soon enough.Read

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14 Comments

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  • hegemony

    stop being a loser

  • LBZ

    Wow, iphone users never fail to impress with their wide range of vernacular, I’d tell you to call me and discuss it, oops, forgot about that whole dropped call thing

  • tom

    Nokia lost a lot of market share to Apple and Rim. Now it is blasting out lawsuit everywhere to make up for it.

    1. Apple for not licensing the radio patent
    2. Now supplier for price fixing

    tsk tsk tsk.

  • Maulik

    i agree with tom thy cant produce a device so thy try to cover up their losses by suing comapnies.

  • Rob R

    Deja Vu?
    http://www.nytimes.com/2008/11/13/technology/13panel.html

    Three leading flat-screen producers — LG Display of South Korea, Sharp of Japan and Chunghwa Picture Tubes of Taiwan — pleaded guilty and agreed to pay a total of $585 million in criminal fines for their role in fixing the price of liquid-crystal display panels.

  • Paul

    What is it with you people. This story has nothing to do with a paticular phone model. Why go on sniping at other about who’s phone has the biggest daddy etc. WE DON’T CARE. The iphone is not the mythical “GOD” phone, neither is Droid,Each has their pros and cons. Try and keep on point about the topic at hand.

    If Nokia does win, then replacement LCDs and new smartphones may be a bit cheaper for the consumer. Maybe the saving will let you buy and extra app.

  • jazzyl

    I like the Broken lcd picture!! Well if this is going to lower the price of the all the touchscreen devices I fully support Nokia on suing those companys. Can’t wait for vodafone SA to release the Storm 2!!!

    Sent via BlackBerry.

  • maxpayne79

    where’d ya’ll get this picture up top?…this a bomb background pic for my 24″-er.

    If u could let me know.

    thank u.

  • Akash_M

    can i have a full res version of that picture?

    i think i got my new background :D

  • Mikee

    (at least not any good pussy, just the fat bitches)

    Seriously, your mom tastes better than your name.

  • maxpayne79

    dude, ur ruining The Spicy Chicken for me man. Now every time im gonna byte down into one of them fab burgers with bacon and cheese….im gonna think of fat ugly gay bitches. That is not good. Now stop it!! ;-)

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