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What happened to Japan's electronic giants?

115 pointsby davidrobertsabout 12 years ago

25 comments

josephlordabout 12 years ago
There is some truth in this article but it misses some of the really key factors.<p>1) Value of the Yen. The Yen is seen as a safe haven and has been at almost ridiculous levels (considering trade balances and government debt) at least since late 2008. This is crippling exports (and/or profitability) in these price sensitive markets (TV's, computers, phones) as even though much production is abroad they still have massive cost bases in Japan.<p>2) Development of Korea. LG and especially Samsung took the place of the aggressive upstarts driving down prices and then building up the quality as Japan once did to the West in markets such as cars. It will be interesting to see what China's development does to Korea in 15-20 years. So far the aggressive pricing from Korea has kept Chinese TV brands from prominence but that may not last.<p>3) As Japan prospered and incomes rose it became uneconomic to manufacture commodity items there. Outsourcing and offshoring production damages the feedback and development loop between production and design that enables efficient optimum design of products. Also they narrowed the parts of the supply chain that they supplied to focus on the high value ones that could still be profitable but that costs control and foresight into important developing areas. e.g. Samsung could develop LCD panels in exact form factors to fit their devices and to use them as structural elements in TVs getting a jump start on Sony. (Sharp had[has?] their own panels but the quality wasn't uniformly high and they were overly dependent on their home TV market anyway).<p>4) There is very little profit in many electronics items. TVs especially are not a source of profits (maybe Samsung makes some but it is hard to tell from their annual reports). Aggressive and falling prices, unstable panel supplies and the fact egos and ecosystems are on the line means that the once stable profit source of CRT TVs has been replaced by an LCD bloodbath. Even in mobile phones only Apple and Samsung are really making money (along with a number of component suppliers getting their slices).<p>[Former Sony employee.]
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speederabout 12 years ago
We had some Brazillian electronics company also flopping last 10 years.<p>Reasons I indentified: Losing creators and get swamped by middle-manager types... Too bad one of them don't even had a choice (the founder died, and this resulted into them switching from the most inventive electronic toys I ever saw, to low quality cheap DVD players, Karaoke machines and cheap Guitar Hero rippoffs using their Karaoke tech)<p>Second: Neglecting software... This one is obvious that when I applied to those companies as programmer, they wanted to pay me less than my rent was, absurdly ridiculous (and they all have a very high programmer turnover rate)<p>Third: Excessive outsourcing and subsequent problems in managing quality. This was particularly striking with one company, that fixed the first two issues and licensed from China some products (developed in China, and not rip-offs) that would have high demand here.<p>Indeed, that plan ALMOST worked, their products sold so much they frequently had online store freezing by excessive visits, and their products were always out of stock...<p>But then reports showed up of exploding chargers, screens with lots of dead pixels, and so on... This went for about 6 months, with the demand still outstripping the negative reports, but eventually it became clear they could not find a outsourcer to do it properly, and they had divested themselves of their factories many years ago, and had no know how anymore in manufacturing, and did not even had sufficient knowledge to visit the outsourcers factory and force them to fix their process.<p>They are bankrupt know, to much unhappiness of the costumers attracted in their short lived renaissance.
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eloisantabout 12 years ago
That's simple: they've always been very good at hardware but not that good at software. It was fine in a time where software was just a minor part of electronics, but today the software is the most important part, and the hardware is just here to make sure the software can run flawlessly.
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cmsimikeabout 12 years ago
Sony.. just ugh.<p>I couldn't tell you how big of a Sony fan I was - TVs, cd players, PS 1-3.<p>Then they removed my ability to run Linux on my PS3. They stopped caring about giving the PS3 any new functionality that wasn't for plus members.<p>Blu-rays that I bought stopped working in that system, or took forever to load because the blu-rays started downloading massive new commercials to play for me before the movie started.<p>That was the breaking point for me.<p>What happened to Japan's electronic giants? I can't speak for all of them but Sony started blatantly chasing money. I get that companies exist to make money but, for crying out loud, don't make it so obvious that you're only out for money.
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lifeisstillgoodabout 12 years ago
I would suggest that a title change will say it all:<p>What happened to Japan's <i>electrical</i> giants?<p>Hitachi's boss says it in the article<p><pre><code> "Digital technology changed everything," he says. "In the television industry it means that just one chip is now needed to produce a large and high quality TV picture. So now everybody can do it." </code></pre> What they did was electrical engineering - but apart from washing machines, everything consumer is on a chip. Hitachi has seen this and run, all the others should be following suit, or trading on their names as brands for Android phones.
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redcapabout 12 years ago
Article misses the fact that managers rather than creators took over the electronics companies. Losing creativity meant losing an edge.
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dankossabout 12 years ago
I worked on a Hitachi based coal plant in college. The Japanese were the originators of high precision engineering, and it shows. TI's OMAP program is going the same route: pursuing long term, more stable business instead of consumer facing chips. I suspect that wages in Korea are much lower, allowing them to manufacture ripped off designs at a much lower price.<p>Sony's problem is that they're an engineering driven company in consumer markets. While they often win the spec game, they aren't vertically integrated enough to give the same consumer experience that Apple can. Ars has covered many of their missteps in depth.
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mikecaneabout 12 years ago
Minimal Mac just ran a picture yesterday that does indeed say it all: <a href="http://minimalmac.com/post/48088436702/yep-pretty-much-sums-it-up-via-w-cie" rel="nofollow">http://minimalmac.com/post/48088436702/yep-pretty-much-sums-...</a><p>BTW, I kept looking at the first picture and wondering how many people were employed making all those devices versus those now making the components for the iPhone.
pornelabout 12 years ago
Interesting tidbit in the article is that majority of Sony's profit comes from their <i>life insurance</i> business:<p><a href="http://www.splatf.com/2011/11/sony-profits/" rel="nofollow">http://www.splatf.com/2011/11/sony-profits/</a>
davidrobertsabout 12 years ago
I think they are failing because sometime in the mid-Nineties, in the effort to compete with lean and hungry overseas companies, they lost their legendary reputation for quality and customer service, as they tried to respond to changing circumstances.<p>A couple of examples of my own:<p>Around 1996, I bought a cassette recorder made by Aiwa, which had been a fairly upscale electronics brand. It looked nice from the outside, but when I examined it closer after buying it, I realized it was a fairly crude, generic cassette recorder of the time, made in China, probably the generic output from a factory there that Aiwa had slapped their name onto.<p>It failed in less than a month. I brought it to the store for a replacement and that one failed too within thirty days, exactly the same way the first one did. Obviously, Aiwa had not done extensive testing on this model, and I think probably didn't even design or supervise its manufacture.<p>In the early 2000s, I bought a Sony Palm OS PDA. It was very advanced and had great features that I loved. But it failed in two weeks due to bad connection to the lamp that lit the LED display. After a few minutes' search on the Internet, I saw this was a well-known problem with this device, caused by a design flaw.<p>I took it back to the store, and got a replacement that failed exactly the same way in two weeks. The store wouldn't give me another, so I had to rely on Sony's warranty service.<p>It was my worst-ever warranty experience. After a long conversation with customer service reps in India, I was able to convince them it was actually failing. They sent me a box to return it in. It took almost a month to come back, only to fail with the same problem about three months later.<p>I went through the whole process again, waited another month. This time the repaired (or replaced) device came back rattling around in a box with no packing material. It too failed, several days after the one-year warranty expired.<p>I think the decline of the Japaneses electronic giants has been caused by a combination of several things. Japanese technology companies built their reputations during the late Sixties and Seventies, at the start of the Japanese economic boom, when they had a highly skilled workforce willing to work at relatively low wages, compared to the US or Europe. They had already sharpened their quality and innovative abilities in the intense domestic Japanese market, which was extremely competitive and where the consumers were very picky about quality. That market was protected, so there was almost no competition from overseas.<p>When they moved into Western markets, they were the young, scrappy underdog taking on dinosaur companies like RCA and Phillips, that could not respond fast enough to compete effectively against them. They were also aided by the low value of the yen relative to the dollar, which made their products a very good value.<p>So all of these things have changed. Complaints of unfair trade eventually forced Japan to open their domestic market to overseas competition. As the article pointed out, now Japanese companies are the dinosaurs in their domestic market, competing against Apple and Samsung. Meanwhile, the yen is very high against foreign currencies, which hurts them badly in export markets.<p>The Japanese labor market has also changed. Younger Japanese are much less willing to work with the dedication their parents and grandparents had. Wages have gone up, and are equal to or higher than those in the US and Europe, and like those countries, they have tried to cut costs by shifting manufacturing overseas, which has resulted in a decline in quality.<p>Also, the Japanese population is declining, with fewer and fewer young workers, and those coming into the job market have been conditioned to expect comfortable, high-paying, lifetime office jobs, not manufacturing jobs.<p>Meanwhile, the inefficiencies of the lifetime employment system in Japanese companies have made it very difficult to adapt to changing circumstances by laying off workers, even as that system is starting to break down.<p>It's like a perfect storm of bad news for Japanese companies, but in many ways it is very similar to what happened to electronics giants in the US thirty years earlier as they tried to defend against Japanese competition and eventually failed.
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continuationsabout 12 years ago
Japan's electronic giants fell because there's no longer an electronic industry. The computer industry has "annexed" the electronics industry and the Japanese companies were never good at computers.
gcb0about 12 years ago
It's the same economic shift we see since industrial revolution.<p>Nobody here remembers, but one Italy was the cheapest labor. Everyone produced cheep stuff there. Then some companies started to produce quality product (and win races with what was cheap cars) and to be proud of made in Italy (which was a bad thing before). And when Italian design became expensive, markets moved on.<p>I think there was another country in this step, but let's say cheap labor is now in Japan. When it started, only college students would buy Japanese cars (death traps) and Japanese stuff was deemed cheap. Come the same cycle. Companies start to show pride and produce quality stuff. Now made in Japan is expensive.<p>Market moves on to China... Kia is now the car of the new rich with bad taste. But this will change soon (they are even trying to win prestigious rally in Africa) and soon Chinese products are going to be expensive. And probably some Latin or African country will be the next cheap labor.
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Isamuabout 12 years ago
I was expecting at least a mention of Mecha-Godzilla. What happened to him was the old Godzilla.<p>Sony was a really big inspiration to Steve Jobs, or at least Akio Morita was. It has been very surprising to me to see Sony slip repeatedly. I think they got caught up in just packing in features without a real vision to unify what they were trying to accomplish.
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ropzabout 12 years ago
On a related but tangential theme, I once started an argument by claiming that Japanese culture does not support the emergence of strong individuals. Perhaps, in electronics as in software, it really does take someone with a huge ego to send a product back to the development labs because 'the black is not black enough'.
ekianjoabout 12 years ago
"Mr Nakanishi's strategy is working. Hitachi is back in profit. Hitachi trains are the front-runner in the competition to replace all of the UK's fleet of inter-city high-speed trains. "<p>Mouhahha. Strategy is a long term thing. You can't the effects just in a couple of years. What a joke of an article.
DanBCabout 12 years ago
Japan suffered economic slump. Where people used to dump old electronics to buy new versions (there's a Japanese word to describe the perfectly good trash that people used to collect to furnish their homes) they had to stop because they just couldn't afford to do that any longer.
InclinedPlaneabout 12 years ago
In the '70s and '80s Japan was hungry, they wanted to leap up to being a world-class country and a high-tech, first world economy. So they took risks and let innovation rule. Then when the high-tech sector got big they tightened up and reined in risk and creativity, causing them to miss out on several key market turnovers in tech.<p>Look at the biggest smartphone manufacturers: samsung, apple, huawei, htc, zte, LG. Mostly Chinese, Korean, and US companies. Only recently has Japan seriously entered the touchscreen smartphone market competitively. Maybe if Japanese company's get hungry enough to innovate they'll make a comeback.
Egregoreabout 12 years ago
May be one reason is that they had a lot of cool only for Japan market devices? It is more difficult to make different devices for different markets, Apple on the other hand made one device for all the markets.
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lmmabout 12 years ago
This makes an amusing contrast with the frequent articles decrying the loss of manufacturing here in the US/UK.
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dharma1about 12 years ago
Often wondered this too. Japanese hardware is still good, but difficult to compete on price compared to Korean/Chinese.<p>They have great developers, and have had for a long time, but it feels like the corporate structures themselves are too rigid to allow innovation to surface.<p>You know these companies are doing something wrong when hobbyists have to reverse-engineer their firmware to get the functionality they want and need (I'm looking at you Canon and Panasonic). Sony is not much better, the user interfaces of their hardware feel 10 years old and the recently opened "app store" for their cameras is a joke, with no SDK or 3rd party apps available. As they focus away from TV's to cameras and sensors, that's something they should definitely fix if they want to succeed.<p>The best thing these consumer electronics companies could do is open source parts of the firmware/software and engage more with consumers who are taking a more active role in developing products these days.
adreganabout 12 years ago
Though, Abe, the current Prime Minister of Japan a very conservative fellow, he surprised (at least) me the other day by announcing that he's interested in creating a culture of entrepreneurs and startups.<p>The most shocking quote in a recent piece in the WSJ[1] might be Abe, referring to Rakuten.com's Mikitani, saying "I ask Mr. Mikitani to not be afraid of being labeled a trouble maker and to speak his mind to his heart's content." You really can stir up some trouble in Japan by suggesting changes to the status quo (something foreigners do with regularity), so it's very interesting to see a guy like Abe say this. Maybe I misjudged the guy.<p>I think Japan needs to move away from the big electronics companies and focus on creating an environment more conducive to creating young interesting companies.<p>1: <a href="http://online.wsj.com/article/SB10001424127887324345804578424333742053290.html" rel="nofollow">http://online.wsj.com/article/SB1000142412788732434580457842...</a>
programminggeekabout 12 years ago
Um, maybe they are failing because modern electronics are more about software than hardware. If devices are becoming very small PC's with ARM processors, then of course software companies like Apple, Google, and Microsoft will do well.<p>Companies like Sony have hardware DNA, not software DNA.
VLMabout 12 years ago
A conflicting opinion: The market used to be narrow where being Japanese made actually mattered. Now flood that market with absolute cheap garbage from China and it bifurcates into mostly purchasing cheap garbage and "everything else is better but costs twice as much and it doesn't matter who makes it as long as its not China".<p>What I'm getting at is the fight shifted from Japan vs the world to China vs the world.
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anizanabout 12 years ago
Sony has been plagued with inability to deal with technology which disrupts their business model in any way.<p>Network walkman which didn't support mp3 on purpose(would cannibalize media division) was so technologically stupid and ever since then they have lost the plot
yekkoabout 12 years ago
It's simple, they didn't let their developers run free and are paid too little. You have to pay the creators of wealth in order to get wealth in return.