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When Philips invented the cassette tape - they opened it up completely. If you called Philips they would give you designs, tell you what manufacturing equipment
by jwilliams 17y ago
When Philips invented the cassette tape - they opened it up completely. If you called Philips they would give you designs, tell you what manufacturing equipment was required - even where to source the equipment and materials.
Philips ended up with a decent percentage of a massive market - as opposed to 100% of a niche (perhaps non-existent) market.
They took a similar strategy with the CD.
- skmurphy 17y agoThey also made money on the cassette tape recorders/players. This Sony history implies that royalty free was more of a negotiated outcome than a strategy: http://www.sony.net/Fun/SH/1-17/h1.html http://www.sony.net/Fun/SH/1-17/h1.html