Electronic gadgets are very very much popular currently. Both teens and adults alike happen to be caught up in this technology influx of the present and future. Almost everyone in america and other first-world countries possess mobile phones.
Possibly little children have one for practical reasons, according to some father and mother. Yet another electric gadget that is certainly as well-known as a mobile phone is the Music player. Since everyone seems to like music a whole lot, this small electronic device easily captured the hearts of many people all over the world.
Apple was your company that had big risks yet big hopes in this marketplace when it unveiled its own edition of Mp3 music player called the Apple ipod touch in 2001. Some are not convinced of Apple’s strategy entering this line of business as the market was not quite promising time (Guglielmo, 2001). But despite having its price tag on the top bracket, Apple reportedly has got the highest talk about in the market at about 80% (Skee, 2006). Good results . the elevating number of competitors in the market giving much more inexpensive digital audio tracks players, this huge amount of market share will most likely decrease in the many years movement to arrive.
As every knows, technology is something which does not actually stagnate in any way. MP3 players would not just remain as simple music playing device forever. With constant engineering and innovation, a third of the MP3 FORMAT players now available in the market surely have video playing capability. Which means that users will be able to tune in to their favorite music wherever they desire, but enjoy some great music videos too.
This produced a huge impact within the income of MP3 FORMAT players considering that the feature was introduced. Wargo, director of Consumer Electronics Relationship, (as mentioned in Slocombe, 2006) mentioned that, “MP3 technology helped boost the sound and components markets in 2005. While using introduction of video playback capability, MP3 player sales increased 200 percent in 2005 to $3 billion.[¦] The figures regarding this sector are really large considering that this only discusses the US customers alone.
Currently, MP3 players still do certainly not lose their particular charm. Simply for the past holidays, MP3 players topped the survey of just one, 000 US adults for his or her most desired gift (Ogg, 2006). The unit had surpassed other well-known consumer electronics such as digital camera models and portable DVD players. According to CEA (2007), “MP3 players continue to travel the audio market. [¦] Thirty-four mil MP3 players shipped 5 years ago and an extra 41 mil are expected to ship in 2007.
The most difficult competitor of Apple ipod touch now is Microsoft’s own Zune which was merely introduced available in the market late 06\, just on time for the holiday season. The two products have been compared with a lot of analysts. Most of the testimonials and evaluation reports manufactured still feel that Apple could be the leading manufacturer in this sector for the next a long time. However , Apple is still in stand by because Microsoft remains Microsoft.
However are not adequate facts yet about how many people currently own the new Microsoft Microsoft zune nor their particular current market reveal, it is well-known that the manufacturer Microsoft alone owns about 90% in the market in terms of operating systems which is about 300 million people. On the other hand, there are about 35 million people who have an iPod, which is about 70% from the MP3 player sector. (Elgan, 2006)
In a nutshell, the MP3 player industry is still a encouraging and thriving industry and will continue to maximize sales in the coming years. With all the different companies trying to compete and outdo the industry starter, Apple iPod is still the leading participant in the market as its introduction in spite of the quite expensive cost it has.
Recommendations
Elgan, Meters. (2006). View: Why Microsoft’s Zune Scares Apple to the Core. Recovered February twenty-two, 2007 from http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9003718&pageNumber=1
Guglielmo, C. (2001). Apple Features Big Desires for iPod. Retrieved February 22, 2007 from http://www.eweek.com/article2/0,1759,1242682,00.asp
Ogg, E. (2006). MP3 Players Top Vacation Wish Data, CEA Study Finds. Recovered February twenty two, 2007 from http://news.com.com/MP3+players+top+holiday+wish+lists,+CEA+survey+finds/2100-1041_3-6126358.html
Skee, G. (2006). US Mp3 music player Sales Will Reach $4. 5 Billion dollars in 2006. Recovered February twenty-two, 2007 via http://www.anythingbutipod.com/archives/2006/01/us-mp3-player-sales-will-reach-45-billion-in-2006.php
Slocombe, M. (2006). CES 2006 Starts: Mp3 music player Sales to Soar 200%. Retrieved Feb 22, 3 years ago from http://digital-lifestyles.info/2006/01/05/ces-2006-starts-mp3-player-sales-to-soar-200/
