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Viewpoint: Samsung risks following Sony and IBM's slide
02.01.12
Sony, much like Samsung, initially entered the US market with relatively low-priced products such as its TR-72 transistor radio in the 1960s. Like Samsung televisions today, Sony TVs and electronics in the 1980s were heralded as the industrys best and most cutting edge. The Japanese firm followed up its success with a series of blockbuster game-changing products: the Sony Walkman in 1979. Sonys decline in the 1990s was, in part, due to competition from South Korea, with the emergence of Samsung Electronics. And like IBM, Sonys peak period was soon followed by a rapid sunset that began the following decade. Despite the popularity of products such as its PlayStation console the firm has warned it is set to post its fourth consecutive annual loss. Things would be even worse for the tech firm if it did not have the profits of its life insurance and banking wings to fall back on.
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