10 Inventions that Killed Businesses

Bangalore: Certain businesses have the potential of not only expanding at a tremendous pace but also eliminating competition. The world of business has witnessed many such endeavours flourish at a rapid pace. Daniel Bukszpan, of CNBC.Com, has listed 10 such inventions of the business world, which have eliminated their competition –

1. Apple iPod

We all are familiar with the craze of Apple i-Pods. When i-Pod had made its way into the market, it had taken the market by storm. There was not a soul which did not desire an i-Pod. The idea of being able to carry all your favourite songs in your pocket was revolutionary. Before i-Pods and related MP3 players dominated the markets, Walkman by Sony was the rage. Sony Walkman was the pioneer of portable music players in the market. i-Pod captured the market because of 2 short-comings of  Walkman – inability to store a good amount of music and bulky size. Moreover, carrying cassettes was an additional head-ache. i-Pod cashed in on these drawbacks and made it large in the market. PC World, a renowned tech magazine, quoted that i-Pod had “irrevocably altered the landscape for portable audio players.” The Walkman got ousted from the market in October 2010.