Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Rio MP3 Players To Be Discontinued
Posted on 29-Aug-2005 22:30 | Tags Filed under: News



D&M Holdings Inc. has filed with the Tokyo Stock Exchange results for the Q1 2005 (1 April through 30 June) and the reported consolidated revenue of JPY18.7 billion (US$169 million) is 2.5 percent lower when compared with the same period of the previous year.

The company reported an operating loss of JPY1.04 billion (US$9 million) for the first quarter. D&M Holdins says the majority of the operating loss can be attributed to the Rio business. The operating loss for Rio was JPY0.96 billion (US$8 million).

D&M Holdings Inc. is based in Tokyo and owns the Denon, Marantz, McIntosh Laboratory, D&M Professional, ReplayTV, Rio and Escient brands.

Based on these results, D&M Holdings has decided to exit the mass-market portable digital audio player business by 30 September 2005. The company's decision to shut down the Rio business followed a determination that the mass-market portable digital audio player market was not a strong enough strategic fit with the company's core and profitable premium consumer electronics brands to warrant additional investment in the category.

The original goal of strategic advantage with wholly owned and branded portable client devices was reconsidered in the context of the costs required to effectively scale and compete in this sector, where competition has grown intense.
Exiting this mass-market segment will enable D&M management to focus all of its resources on the core Premium AV business and advanced content server products.








comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Kiwis to be hit with tax on online purchases
Created by Gordy7, last reply by Geektastic on 19-Nov-2017 13:07 (169 replies)
Pages... 10 11 12


Spark fibre conflict with ethernet switch.
Created by sam395, last reply by Lias on 16-Nov-2017 14:49 (18 replies)
Pages... 2


Request for Windows 10 alternatives to reduce data usage
Created by D1023319, last reply by lNomNoml on 17-Nov-2017 21:19 (23 replies)
Pages... 2


Curious updates from Bigpipe
Created by robjg63, last reply by hio77 on 17-Nov-2017 19:27 (11 replies)

Data hunt (free data game) is back!
Created by PhantomNVD, last reply by PhantomNVD on 19-Nov-2017 13:51 (67 replies)
Pages... 3 4 5


Replacing HDD on a Laptop
Created by MarkH67, last reply by Batman on 19-Nov-2017 13:43 (17 replies)
Pages... 2


Has your credit card been compromised recently? Do you use one of these companies
Created by dan, last reply by robjg63 on 18-Nov-2017 18:22 (16 replies)
Pages... 2


Potential heatpump issue
Created by theitman, last reply by MadEngineer on 19-Nov-2017 15:31 (7 replies)