CONSUMER ELECTRONICS: A Little on The High Side

A Little on The High Side

If Panasonic products seemed a bit pricey last year, the reason has become clear. Between March and August, some of the company's U.S. representatives allegedly resorted to classic pressure tactics to shore up profits that had been eroded by price wars. Panasonic threatened to cut off deliveries to retailers that discounted Panasonic goods. Among the targets: K mart, Montgomery Ward and Circuit City. Last week Panasonic, a division of Japan's Matsushita, settled charges of price fixing with the New York State attorney general's office. While Panasonic admitted no wrongdoing, the company agreed to refund as much as $16 million to an...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!