Samung is the New Sony

The New York Times writes:

Samsung has become what Sony could once claim – the competitor with both the breadth of products and the appeal of a premium brand.

This rapid reversal of fortunes illustrates the highly competitive world of consumer electronics that Sir Howard, a media man, is entering. Complacency and coasting on best-selling products have contributed to a nearly 75 percent decline in Sony’s stock value since its March 1, 2000, peak. The invincible “factory of ideas” founded almost six decades ago by Akio Morita, the company that brought the world the transistor radio, the Walkman and the Trinitron television tube, seems to have lost its way.

“Samsung is now the anti-Sony,” George Gilder, an American technology analyst, said here Wednesday. “Sony is layered with bureaucracy. The amazing thing about Samsung is that it is like Apple with Steve Jobs involved in designing the iPod, it is like Sony with Morita deeply involved in developing products.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.