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Olympus pulls out of MP3 player market

updated 01:55 pm EST, Wed November 9, 2005

Olympus nixes MP3 players

Olympus today said it would .

Following lower-than-expected earnings for the most recent quarter, Reuters reports that Olympus is also shifting its focus of its digital camera business away from compact models to more high-end single lens reflex (SLR) cameras to boost profitability. The report says that Olympus is the world's fourth best-selling digital camera brand after Canon, Sony and Kodak, but is considered one of the weaker players in an industry suffering from slowing growth and cut-throat pricing.




by MacNN Staff

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Comments

  1. Kazrog

    Joined: Dec 1969

    0

    Uh... wait...

    Olympus was in the MP3 Player market? That's news to me... ok then...

  1. Drash

    Joined: Dec 1969

    0

    ditto

    Damn beat me to it.. ;o(

  1. itguy05

    Joined: Dec 1969

    0

    Yup. M|Robe

    Pretty neat looking player.

  1. trevc

    Joined: Dec 1969

    0

    Out of them all...

    ... it did look like it was 'neat', but never used one.

    I guess this means that Apple share is just going to rise further!

  1. koolkid1976

    Joined: Dec 1969

    0

    re:Uh... wait...

    Yea, I remember less than a year ago or less they release an MP3 player that was hyped as the iPod killer because it had a built in camera.

  1. JulesLt

    Joined: Dec 1969

    0

    Shame

    I did like the idea of a PDA style touch screen interface on the Olympus player - imagine that combined with Apple interface design - when you need one, up pops a 'click wheel'. Otherwise it backs off for a full screen video experience.

  1. Makosuke

    Joined: Dec 1969

    0

    Heh...

    Competition is actually a good thing, and Olympus' players were some of the coolest looking (if stupidest named) on the market, but why do I heard that Queen song playing in my head?

    Also:

    "I did like the idea of a PDA style touch screen interface on the Olympus player - imagine that combined with Apple interface design - when you need one, up pops a 'click wheel'. Otherwise it backs off for a full screen video experience."

    I wouldn't be at all surprised if this is what Apple eventually does with a full-on video iPod in a year or two or whenever the market is ready to go all the way. Maybe not--the tacticle feedback of the clickwheel is truly awesome--but it's the most logical way to deal with the issue, and at least as far as the wheel goes it's feasable. Maybe back to the 3rd gen layout?

  1. Okonomiyaki

    Joined: Dec 1969

    0

    Surprise!

    Actually, the surprising thing is that companies are leaving the MP3 player market but the online retailers keep trying to make a buck. If the numbers are to be believed, Apple hardly makes any money from theirs; instead using it to promote the iPod. So what about those stores that aren't directly affiliated with any particular hardware device? How do they stay in the game?

  1. koolkid1976

    Joined: Dec 1969

    0

    Re:Surprise!

    How are online retailers staying in the game? BUYMUSIC.COM has it's BUY.COM business to cover it's loss. Real has its settlement money from MS to cover its lost and sustain it for a while. Napster has money from selling its Roxio devision to cover its loss and sustain it for a while. Yahoo has its advertisement and other devision. Walmart has its other business.

    Most have backup revenue to wait it out. Napster only as back up cash. No backup revenue. When the money runs out they are screwed, so they are hoping and praying subscription takes off.

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