5.Sony
  Headquarters: Japan
What is it known for:Electronic products
  Current Value: $11.8 billion
  Peak Value: $125.6 billion (2000)
  Percentage Residue: 9.4 percent
  Reason for downfall: iPods, Samsung, LG, Panasonic

Sony has been one of the most comprehensive entertainment companies in the world since its origin in 1946. With its focus on the electronic goods and products for the consumer and professional market, it has ruled the streets for decades. But given the stiff competition that rivals such as Samsung, LG, Apple posed in different arenas, Sony has found itself abandoned and fighting back to regain its lost stature. With Samsung and LG capturing the major share in the television section, Apple’s iPods have harmed Sony’s walkmans. Even its laptops are facing a tight competition from other manufacturers such as Dell, HP, and Lenovo etc.
The reason that is being sighted as the major contributor in Sony’s slip in the market is its pricing. While competitors have managed to offer customers lucrative prices, Sony has been stuck with its old ways and its excessive costing that offers nothing advanced has resulted in its customers opting for other brands and services.
Sony needs to immediately re-strategize its plans.

All these companies have failed miserably in matching up to the customer’s expectations and have paid the price for the same. Let us hope that these companies that had ruled the market and our hearts once don’t vanish in the vicinity and re-emerge with excellent products and services that they are recognized for.