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10 Inventions that Killed Businesses

By SiliconIndia   |   Monday, 26 March 2012, 12:43 Hrs   |    4 Comments
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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.

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Reader's comments(4)
1: e- mail is fastre but snail mail had something called a personal touch... the pain to buy a postcard & inking your thoughts for someone or about someone & taking the pain again to go out & put it in the letter box can never be replaced by any electronic means of communication.. I stil use it at times to make a few people feel special ..
Posted by:Mohit Dadhich - 27 Mar, 2012
2: How do I communicate with the writer. I am proposing to publish this article in our annual publication. kindly communicate: ramachan@pikom.org.my
Posted by:Ramachandran - 26 Mar, 2012
3: Apple monopolizes half the markets.
Posted by:Richa - 26 Mar, 2012
who cares if they do?! are you that lost?
1. Apple products are better in general & certainly more reliable, less prone to crashes & viruses & frustrations
2. unlike competitors who try to dominate through receipt & false promises, Apple "monopolizes" as you say, naturally, not through force. that is, Apple fans are fans because of not advertising but experiencing the Apple touch.
3. if you don't like it keep buying your junk, but you might suffer from Stockholm Syndrome...
millereves Replied to: Richa - 22 May, 2012