“Sony Corp has created a buzz with the unveiling of a new digital music player, but analysts say it has a long way to go before it challenges the industry dominance of Apple Computer’s popular iPod. Sony unveiled the new portable music player on Monday… Industry watchers say Sony will struggle to gain a stronger footing in the fast-growing industry now dominated by Apple,” Reuters reports.
“The U.S.-based company has nearly 50 percent of the market for digital MP3 music players thanks to the iPod’s success. ‘In terms of actually attacking Apple it’s only a start. I don’t see any major shake down in the industry right now,’ said Standard & Poor’s equity analyst John Yang. ‘I just don’t see how Sony could really turn the whole thing upside down with iPod,'” Reuters reports.
Full article here.