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 Nintendo said that the fine, which it received for colluding with seven distributors to raise prices of games and consoles between 1991 and 1998, was one of the biggest single fines in EU competition law.
"The penalty was unfair, illegal, even shocking," Ian Forrester, a lawyer for Nintendo, told the European Court of First Instance in Luxembourg on Monday.
According to a Bloomberg report, the Brussels-based European Commission said that the penalty reflected Nintendo's position as producer and supplier.
"The fine was not of a capricious nature, or based on wild estimates," said Xavier Lewis, a lawyer for the commission. "This fine was for an infringement that was considered very serious."
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To be honest, I'm shocked that the Big N would resort to such a bold attempt at keeping prices high, even back then. One can only hope that as a result of this OTHER manufacturers can be held accountable for what can only be called ridiculous pricing for latest releases. Let's face it folks, $115 for a new game? Is it just me that thinks this is a bit rich? |