Word: mp3
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Dates: during 2000-2009
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...more than 60% of revenue (but lost $339 million last year), has been beset by successful competitors in virtually all its product lines, ranging from Samsung televisions to Kodak digital cameras. Most humiliating, Sony lost its leadership in portable music players by failing to capitalize on the popularity of MP3 files, a gap that Apple's iPod-an idea that would once have shrieked "Sony!"-has exploited spectacularly. The Japanese company has been in turmoil ever since April 2003's "Sony shock," when the firm announced drastically lower sales and earnings. Its stock has dropped 66% over the past five...
...solid feel, a sharp, white-backlit screen, and an easy-to-understand menu rivaling Apple's famously user-friendly interface. At $230, it's slightly cheaper than a 6-GB iPod mini; it's also smaller, plays tunes in the Windows Media Audio format as well as MP3, and when you throw in the radio and recording features, it might be a better deal...
...more than 60% of revenues (but lost $339 million last year), has been beset by successful competitors, ranging from Sharp televisions to Kodak digital cameras, in virtually all its product lines. Most humiliating: Sony lost its leadership in portable music players by failing to capitalize on the popularity of MP3 files--a gap that Apple's iPod has exploited masterfully. The company has been in turmoil ever since April 2003's "Sony shock," when it announced drastically lower sales and earnings. Its stock has dropped 66% over the past five years...
...songs, from gospel to rap, making it the most comprehensive website of its kind. Songs cost 99˘ each, although a subscription will get you unlimited monthly downloads. Rachinski, whose company gets up to 10% of the proceeds, says Songtouch is the reason he will buy his son his first MP3 player for his 10th birthday in April. "This is a place," he says, "where parents can be sure it's safe." --By Wendy Cole
This kind of tech populism is most famously successful in the case of Winamp, the mp3 player developed by Zuckerberg’s childhood hero, Justin Frankel. Tech populism is, at least at first, anti-corporate. It’s about sticking with a creative vision and making something that people will love...