In the past, Sony with it’s Walkman brand, dominated the personal electronics market for music. Today it is Apple and it’s iPod that dominates the market.
Wall Street analysis publicly stated that they didn’t feel Apple could
sustain its growth in the iPod market, but last weeks quarterly results
demonstrated that Apple’s high-water mark may have not been reached.
Apple sold 6.2 million iPods last quarter. Six million! Their revenue hit $3.52 billion up from $2.01 billion the year before, exceeding
predictions and buoying the stock.
Sony still has serious work to do to consolidate its battling divisions, and integrate its hardware players with
Sony’s Connect Music Service. With the 50 year old culture of internal one-upmanship instead of teamwork, this is not going to be an overnight affair.
Read the whole story here.