We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Rio bites the dust

Competition ‘too intense’

One of the oldest digital music player brands, Rio, is exiting the market.

The news was revealed on Friday by D&M Holdings, which owns Rio as well as the Denon, Marantz, McIntosh Laboratory, D&M Professional, ReplayTV and Escient brands.

In a statement the company said: "D&M Holdings has decided to exit the portable digital audio player business by 30 September 2005."

The company declared that the portable digital audio player market “was not a strong enough strategic fit” with its core and profitable premium consumer electronics brands to warrant additional investment in the category.

D&M noted that the cost of competing in the music-player market has grown, as competition has become more intense.

The closure of the Rio range is expected to cost the company several billion yen, the company said.

In July, D&M Holdings agreed to sell certain intellectual property and other technology assets of the Rio MP3 player business to SigmaTel.

Vic Pacor, president of D&M Holdings, then said: "We are transferring the Rio technical and engineering resources to SigmaTel, where they can be better leveraged through SigmaTel's considerably larger scale in the MP3 business."


IDG UK Sites

Samsung Galaxy S6 review: Hands-on with the new Samsung Galaxy. Samsung's flagship is more iPhone-lr......

IDG UK Sites

5 things we hate about MWC: What it's like to be a journalist at a technology trade show

IDG UK Sites

Ractive powers The Guardian's interactive infographics – and lets novice coders build complex...

IDG UK Sites

12in Retina MacBook Air release date rumours: new MacBook Air to have fingerprint ID, could launch...