Wanna know why your LCD TV costs so much?

Jstas
Jstas Posts: 14,806
edited November 2008 in The Clubhouse
Ask Sharp, LG and some other company you probably never heard of either.

http://www.nytimes.com/2008/11/13/technology/13panel.html?_r=1&partner=rss&emc=rss&oref=slogin

3 Flat-Screen Makers Plead Guilty to Trying to Keep Prices High
Prices for the flat screens in televisions, personal computers and cellphones have plummeted in recent years — but the decline would have been even faster if it hadn’t been for an international price-fixing cartel, the Justice Department said on Wednesday.
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  • Joe08867
    Joe08867 Posts: 3,919
    edited November 2008
    This doesn't suprise me. Peopl always blame supply and demand but really it is more often than not GREED.

    The LCD prices are why I bought a plasma instead.
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  • AndyGwis
    AndyGwis Posts: 3,655
    edited November 2008
    They've come down so much the past 5 years that I don't mind paying $1000 for something that would've cost me $3000 5 years ago. Companies should make some money for their R&D and efficiencies they are able to gain.

    True, not the most ethical way to make an extra buck, but with the economy in the shape it's in today, I can't say high LCD prices deserves any type of blame at all. Never thought to myself, if only LCDs were cheaper, things would be a lot better for everyone. Gas, milk, other needed commodities, that's where I'd take offense with price gouging.
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  • Early B.
    Early B. Posts: 7,900
    edited November 2008
    No surprise here. Price fixing is the way business is done. Businesses charge as much as they can for as long as they can, and collude with one another to do it -- that's what they are in business to do. There are even organizations designed to fix prices such as OPEC.
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  • sucks2beme
    sucks2beme Posts: 5,601
    edited November 2008
    I always was leery of Sony stuff like playstations being priced at the same amount
    at every retailer in the U.S. In Japan, selling stuff under the company's suggested
    list was reason for an unfriendly visit in the old days. I don't know if it's still that
    way any more.
    "The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson
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  • obieone
    obieone Posts: 5,077
    edited November 2008
    I'd like to see them go after Sony for keeping the PS2 artificially high.
    We're talking 8 year old technology here. Would anyone pay $120 for an 8 y.o. pc?
    I refuse to argue with idiots, because people can't tell the DIFFERENCE!
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  • shawn474
    shawn474 Posts: 3,047
    edited November 2008
    What's the crime in selling the PS2 for $120? Sure it's 8 year old technology, but it's not like they have ceased production on games. And the games are still very good. You buy it for what it is; a gaming console that is still much cheaper than the PS3, XBox 360 and Wii.
    Shawn
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  • bobman1235
    bobman1235 Posts: 10,822
    edited November 2008
    WE're not talking a commodity here; since when is a company not decided to set the price for a product? What does "artificially high" even mean? Goods are priced at whatever the market will bear, little else needs to go into that decision. I love how everyone thinks they DESERVE a cheap TV, like electronics companies OWE you.
    If you will it, dude, it is no dream.
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  • danger boy
    danger boy Posts: 15,722
    edited November 2008
    Keiko wrote: »
    Agreed. I don't think 120.00 is that bad at all. Consider the 299.00 retail cost (IIRC) of the PS2 when it was first introduced.

    I think it's to high. Earlier this year I sold my original PS2 with 8 games for $140. I was thrilled to get that much for it. I think Sony is keeping the price high for no reason. No doubt they still support PS2, but in all honesty, the PS3 is their baby still.. even though that is now several years old.
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  • krabby5
    krabby5 Posts: 923
    edited November 2008
    danger boy wrote: »
    I think it's to high. Earlier this year I sold my original PS2 with 8 games for $140. I was thrilled to get that much for it. I think Sony is keeping the price high for no reason. No doubt they still support PS2, but in all honesty, the PS3 is their baby still.. even though that is now several years old.

    keeping it high for no reason?

    If they are still selling a lot of them at that price, why should they lower it?...and the PS3 is barely 2 years old
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  • mmadden28
    mmadden28 Posts: 4,283
    edited November 2008
    Jstas wrote: »
    Ask Sharp, LG and some other company you probably never heard of either.

    http://www.nytimes.com/2008/11/13/technology/13panel.html?_r=1&partner=rss&emc=rss&oref=slogin

    3 Flat-Screen Makers Plead Guilty to Trying to Keep Prices High


    I remember this happening years ago with computer memory manuafacturers. :mad:
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