Interestingly enough, the EU has not responded to the decrease in CPI that has occurred over the last few months. Unemployment remains at 12.1%, while inflation continues to drop. This could provide some interesting analysis of the EU's Philips Curve...

In Malaysia, 14 items have been put under a price control scheme until November 17th. There are certain pink tags which must be displayed on products to help differentiate between them. There are large fines for traders who do not comply within the rules.

Sony cutting jobs in some departments and moving headquarters should mean that they achieve their goal of becoming efficient in the mobile market. In a diagram, the supply curve would shift to the right. This would lower prices, and give more customers incentive to buy their phones. Their phones should be less scarce, and therefore signal to producers to limit supplies. Sony is trying to win over market share on Apple and Windows, which should occur if they are selling more phones.

Samsung underestimate demand for Galaxy SIII, losing a possible 2 million sales in a single month. A manufacturing glitch resulted in the slowing of production. Demand has increased substantially in the last two years, especially in the Asian market. Samsung used to only hold 10% of the market share, but they have now overtaken Apple completely. Samsung's success could be down to the price of their phones (substitution good), or the altering tastes of customers.

The demand curve for Samsung's Galaxy SIII would shift to the right, resulting in greater scarcity, and a required increase in supply. This did not occur in this situation. Customers were forced to ration their consumption, as some versions of the phone went out of stock completely. Price of the product would increase in most scenarios to further incentivise an increase in production, and a rationing of the good. If Samsung had kept up with their demand, they may have won some market share over other companies, but their quarterly incomes were predicted as far lower than what could have been achieved with adequate supply.