This is interesting article showing the reason why the US and Japanese loosing the dominance in consumer tech.
At one time Japan with their Sony, sharp, Toshiba were dominant in consumer tech. Walkman, Video tape recorder VHS,TV, Stereo But they all disappear now. Japan has not had blockbuster product since 1990. They missed the personal computer era then they missed the smart phone era
Competitive advantage not God-given – as US and Japan know
Technologist and author Henry Kressel reflects on the reasons for nations losing their industrial dominance. The story of electronics, he says, shows that innovation, driven by corporations but supported by governments, is key to competitive longevity
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JULY 12, 2017 2:13 PM (UTC+8)
Sony employee Suzuyo Suzuki displays the MD Walkman MZ-E55 (left) and a mini-disc at the company's headquaters in Tokyo, on September 7, 1998. Photo: AFP / Toru Yamanaka
I spent the first 20 years of my career in the research and development laboratories of the RCA Corporation, then one of the leading electronics companies in the world and led, for many years, by a great visionary in David Sarnoff.
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This competitive advantage was fleeting and leadership in consumer electronics now lies elsewhere. The Japanese leadership in memory chips and consumer electronics is gone and no Japanese companies even factor in the smartphone business, the biggest current consumer electronics business. Why?
There is a great deal of debate regarding the causes of stalled growth in the Japanese economy. In terms of the electronic businesses that I am familiar with, I would place the major blame on the lagging ability of big Japanese companies to truly innovate. With a domestic market largely shielded from competition, any imperative for product innovation by the big companies favored by government planners was lacking. As a result, investment lagged in radically new products and related technologies. For example, leadership in memory chips moved to Samsung in South Korea (which now has 40% of the world market). Leadership in flat panels also moved to Samsung, with the latest technology, OLEDs, being produced there. Sharp, the early leader in the sector, is not only out of the business but was acquired by a Taiwanese company. Sic transit Gloria mundi.
Governments play a key role in building innovative industries by supporting infrastructure and capital investment as well as funding research and development, but competitive advantageinelectronics is not bestowed as a gift by governments or the gods but by business leaders managing innovation and investing capital and human resources in a timely way. The US gave up its leadership because of strategic decisions by many corporate leaders; then it was the turn of the Japanese. Who is next?
Well the question should be who is the king of hill of consumer tech now