Word: video
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Dates: during 1990-1999
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...TriStar) to fly past $1 billion in U.S. box-office sales in record time. In music, Sony's record division continues to churn out profits, even though the industry is downbeat. Sony's PlayStation game player has blown away Nintendo. And Sony still sells $23.28 billion worth of audio-video equipment. Its second quarter was a monster, with sales rising 20.6% to $13.6 billion and income rising 60% to $464 million, from the same quarters...
...building a series of great gadgets--the transistor radio, the Walkman, Trinitrons--that took advantage of unique technical advances, like those in miniaturization. Although Sony still makes a ton of money on Walkmans, its competitive edge in such stand-alone products is fading in a world where music and video are increasingly being rendered in the digital language of computers. So Sony is making personal computers with Intel, Net-surfing hardware for Microsoft's WebTV and cell phones and pagers with San-Diego-based Qualcomm Inc. Sony factories are churning out a wave of digital-based products, from high-resolution...
...means bridging technology and entertainment, not to mention the cultural chasm between Japan and America. Ultimately, Idei aspires to create a global wireless network, a world in which satellite communications bring interactive entertainment to every living room and den. Says he: "Convergence is happening not only between audio and video but between computers and communication. There is a fundamental change in society, and this is our opportunity...
Sony co-founder Akio Morita and then-president Norio Ohga knew in the 1980s that the digital revolution was coming. In fact, with Philips Electronics, Sony created the audio CD. They talked about the revolution. And they set their engineers to work on digital products: audio and video recorders, televisions and broadcasting equipment. Still, the company's great innovators were backwinded by their own ingenuity. In the late 1980s, when Japan was riding high, Morita, who co-authored a book titled The Japan That Can Say No, began to spend as much time criticizing American management practices...
...answer to the CD, the videotape and the CD-ROM. DVD is also the focus of the biggest battle to create an international standard since vhs vs. Betamax (in which Idei was on the losing side). Sony and Philips had been working for years to come up with a video version of the CD that would replace videotape cassettes and take CD-ROM discs to a new level. But in 1993 Toshiba trumped Sony, at least in the segment of the DVD market that involved nonrecordable discs. Toshiba announced a different DVD standard for such discs that was supported...