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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.

 
Previous Comments

Uh... wait...

11/09, 02:17pm reply

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

Kazrog

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Joined: Dec 2002

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ditto

11/09, 02:31pm reply

Damn beat me to it.. ;o(

Drash

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Joined: Aug 2001

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Yup. M|Robe

11/09, 02:50pm reply

Pretty neat looking player.

itguy05

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Joined: Apr 2005

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Out of them all...

11/09, 02:52pm reply

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

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

trevc

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Joined: Mar 2000

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re:Uh... wait...

11/09, 04:19pm reply

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.

koolkid1976

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Joined: May 2003

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Shame

11/09, 04:27pm reply

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.

JulesLt

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Joined: Jul 2005

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Heh...

11/09, 05:32pm reply

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?

Makosuke

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Joined: Aug 2001

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Surprise!

11/09, 08:20pm reply

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?

Okonomiyaki

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Re:Surprise!

11/10, 10:23am reply

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.

koolkid1976

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Joined: May 2003

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