Sharp and Hitachi Caught Price Fixing DS Screens

Bloomberg report that Sharp and Hitachi offices in Japan have been raided after both companies were suspected of price-fixing liquid-crystal displays that are used in the Nintendo DS. It is alleged that both companies secretly agreed to sell the screens to Nintendo at the same price, which was positioned at a higher amount than if they both competed against each other.

The site goes on to report that under Japanese fair-trade regulations, any manufacturer found guilty of price fixing can be fined as much as 10% of any money gained deemed to be illegal. On top of this, Nintendo would have to be paid back all the money they were overcharged if these allegations prove to be true. Then, in the future, Nintendo could even take both companies to court to recoup any extra damages caused.

Neither Sharp, Hitachi or Nintendo spokespersons have commented on the situation as of yet.