Despite last year’s final report on technology gadget pricing in Australia that called for an investigation into the industry’s state of competition, reports say the planned probe is unlikely to lead to any reforms.
The government confirmed plans to probe tech prices eight months after the parliamentary report was released. The report was part of efforts that questioned multinational technology giants, including Apple and Microsoft, as to why some services and products were more expensive in Australia than in the US.
That report called for competition and copyright reforms aimed at lowering costs for companies importing products from overseas.
Now, while federal officials said they will launch a formal investigation into the matter, some industry experts say consumers should be wary about expecting any price decreases due to the political climate surrounding trade with Australia.
Full Content: Financial Review
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI