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1. Napster
If you often hear about the fact that the music industry is currently low, probably Napster is one that can be blamed.
Through our peer-to-peer, Napster offers a new way to share music. Napster allows users to download music from other users easily. This service makes the greater the level of music piracy and harm the music industry at the time.
In less than a year, Napster users had passed 25 million and rising to 70 million in 2001.
In 2000 Napster was shut down because of the demands of the music and film industries, forcing Napster changing business models and stop sharing its facilities. In the end, Napster filed for bankruptcy in June 2002.
But the music and film industries have not been able to fully recover until today.
2.Kodak
More than a century ago, Kodak photographic present and introduce the public to the world through its products. In fact, Neil Armstrong never use it when set foot on the moon in 1969.
Unfortunately, these companies failed because can not adapt to rapid change. Moreover, if not follow the digital trend.
In recent years, the leadership of the company failed to restore annual profit. Cash continues to depleted makes Kodak difficulty meeting its obligations to employees and retirees.
However, Kodak now trying to get back up to keep pace. One of them by producing smartphones.
3. Wang Laboratories
Wang Laboratories is a company famous calculator that branched into electronic word processor. The company marks kejayaanya in the 1970s.
Wang developed a sophisticated word processor operating system to match the hardware at the time. In fact, Wang had claimed more innovative than IBM, one of the tech giants 'aging' which still survive.
The company left behind when technology took a big leap forward. When that IBM made PCs much better than Wang operating system, relying on the merger of many applications in one device.
Wang was trying to get up, but Wang's decision to produce word processing software integrated on the PC too late. Wang finally went bankrupt in 1992.
