Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

South Korean MP3 Player Manufacturers to Take on iPod
Nov 8, 2004
 Printable format
 Email this Article
 Search

South Korean MP3 player manufacturers said they are poised to introduce more competitive models this year in a bid to arrest their sliding share in the global market.

South Korean manufacturers, once considered the world's leaders for MP3 players with their compact flash memory-chip products, have suffered from falling sales in the last year as the popularity of hard disk drive (HDD)-based portable audio players, particularly Apple Computer's trendy iPod, have taken off.

According to a report from the LG Economic Research Institute, South Korean firms held 20 percent of global market share this year, down from 40 percent 3 years ago, due to their failure to anticipate technological trends.

The global MP3 player market will grow to around 15.4 million units in 2004 from last year's 7.5 million units, 60 percent of which will be HDD products, the report forecast.

The advantage of HDD models have over flash memory-chip MP3 players is enough memory capacity to allow listeners to carry virtually their entire music collections around with them.

In an effort to reclaim market share, South Korean manufacturers, including ReignCom and Samsung Electronics, are planning to introduce new HDD-based models.

"South Korea's falling share in the global market has nothing to do with its other competitors, but rather the booming popularity of Apple's iPod," a ReignCom official said. "And we are ready to throw down the gauntlet with new models that are just as competitive."

ReignCom will introduce two new models by Christmas. Samsung Electronics is also to release a 20 gigabyte HDD-based MP3 player next month. Cowon Systems, which has three HDD-based models, will also launch a new 20 gigabyte player by the end of the year. (Yonhap)

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows