As Apple and Samsung dominate, Japan’s tech giants are in a free fall

The era of dominance of the Japanese electronic powerhouses is over – with diluted product ranges, lacklustre innovation and a failure to understand the market, former household names watch as their market share and profits plummet. Can anything be done to restore them to the glory days of the 90’s?

“The pace of problems is accelerating. Sony hasn’t made a profit in four years. Panasonic has lost money in three of the past four. Along with Sharp, the companies’ combined market value, according to Bloomberg, is $32 billion — making them one-fifth the value of Samsung and one-twentieth the value of Apple. No company is faring worse than Sharp, which once ruled the liquid-crystal-display TV market and promised “to make products that others want to imitate.” Since 2008, its LCD sales have dropped 39 percent. Just weeks ago, as Standard & Poor’s cut Sharp’s credit rating to junk status, the company put its Osaka headquarters up as collateral to obtain loans.”

As Apple and Samsung dominate, Japan’s tech giants are in a free fall

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