NEW YORK (CNNMoney) — For more than eight years, many of the world’s biggest technology manufacturers allegedly colluded to inflate prices for the liquid crystal display (LCD) screens used in televisions, computer monitors, and laptops. Last week, three of them agreed to a $571 million settlement, the latest in a string of deals with payouts that now top $1.1 billion.
Here’s the irony: None of this will actually lower the prices consumers pay for gadgets, analysts predict. LCD prices crashed through the floor in recent years, and price tags have already plunged for items like big-screen TVs.
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