Some front line companies such as Samsung and Philips along with the biggest electronics retailer in Europe, Media Saturn, had to deal with unannounced guests from the European Commission. Neither of the companies divulged any details of the raid, though they did confirm their premises were subjected to scrutiny on suspicions of an unfair collusion to limit the sale of devices to jack up prices. The companies will be liable to pay 10 percent of their global earnings if found guilty by the EU Anti-trust Regulator. No charges were pressed though and it’s not known either if any incriminating evidence were found against any of the parties involved. The raid comes at a time when retailers are having a hard time keeping themselves relevant against online operators such as Amazon, Otto, Staples and the likes. The three companies have, however, pledged all support towards completion of the investigation.
With a keen interest in tech, I make it a point to keep myself updated on the latest developments in the world of technology and gadgets. That includes smartphones or tablet devices but stretches to even AI and self-driven automobiles as well, the latter being my latest fad. Besides writing, I like watching videos, reading, listening to music, or experimenting with different recipes. Motion picture is another aspect that interests me a lot and maybe I’ll make a film sometime in the future.