Extraordinary Genius

Chapter 1297 – Different Camps

As Wind and Rain Electronics is getting other companies to join their HDV faction, Sony and other Japanese companies received the news.

Sony and other Japanese companies realized Wind and Rain Electronics’ intentions. They decided to introduce their HD Digital Video Camera standard earlier.

In the past, Sony and other Japanese companies had never seen Chinese companies as their competitors. They even look down on US companies, and even Korea’s Samsung is not a threat to them. They felt only the European companies could challenge them.

But the world changed too fast. Feng Yu suddenly appeared out of nowhere and started developing China’s consumer electronics industry. Chinese brands managed to emerge in front of them.

Sony is not frustrated if this is the only reason. They are frustrated because Feng Yu’s companies’ products seem to be targeting them.

First, it was the Walkman, followed by MP3. Then it was VCD to the optical drive. After that, it was PCs and mobile phones. Almost every product is trying to snatch their market share, and Feng Yu won in the end!

Whenever Japanese companies introduce or introduce a new product, China will introduce that product earlier. They had competed on products initially, and now, they are fighting to set the standards. This is too much.

Sony and other Japanese companies had lost on the DVD standards and suffered massive losses. Not only they had lost on their DVD products, but they also lost their optical drive market.

Sony was formerly the market leader in Asia’s mobile phone market. But after Wind and Rain Mobile appeared, they are forced to merge with Ericsson to form Sony Ericsson. If it weren’t because Sony still has a strong brand influence in Asia, it would be called Ericsson Sony!

But Sony is very confident of winning this HD digital video camera standard this time.

Thomson does have a digital video camera, but not Philips, Wind and Rain, Aiwa, etc. You all don’t even have the product, yet you all want to introduce a standard for this industry?! Bullshit!

Companies in Sony’s faction or the Japanese faction have digital video cameras. Their video cameras are not only limited to handheld DV cameras. They are also producing large cameras used in filmmaking.

Movies no longer need to use films, and it lowered the cost. This allows more funds to be used in other areas of the movie and increases the standards.

Sony, Toshiba, etc., all own movie companies. The more prosperous the movie industry is, the more they can earn.

The development of HD Digital video cameras is critical to Sony and other Japanese companies. This is a strategic development and is not limited to one new product.

Sony and the Japanese companies discussed and sent their men to contact other electronic companies. They must get more companies into their faction. They also approached all the major movie companies, hoping to get them to support their standards.

…….

“Good afternoon, representatives from different companies, media, and everyone. Our Wind and Rain Electronics, Wind and Rain Home Appliances, Philips, Thomson, Samsung, Aiwa Electronics… have decided to introduce HDV standards together. This is the standard for HD digital video camera.”

“This standard is based on… we will bring better picture quality to the consumers and provide a new development direction for other companies. We will not need to be troubled over the development direction and face unnecessary competitions…”

Jiang Wanmeng said on the stage. The companies’ representatives and reporters are all listening attentively and taking notes. Some of them are looking at their phones.

They are looking at their messages, emails and checking for the latest news on the internet.

This is not because this press conference is boring. It is because Sony and the Japanese companies are also holding a press conference in Tokyo at the same time. They are also announcing their HD digital video camera standards now.

These companies’ representatives and reporters are watching this carefully. They want to know what’s the difference between both standards.

They are not naïve to ask why they can’t both factions work together to set a new standard. Both sides will not get any benefit if they do that.

The companies that set the industry standard hope other companies follow them. They will never give in until the final moment.

Feng Yu is also reading the news on the internet and reading Kamesa Masao’s emails.

Feng Yu thought he had introduced the standards earlier and can gain some advantage. But Sony and the Japanese companies reacted fast. This was out of his expectations.

After all, a starved camel is still bigger than a horse. Furthermore, Sony is not starving and is still a giant in the electronics industry. They are also working with other Japanese electronic companies and cannot be belittled.

In Feng Yu’s previous life, the Japanese electronics companies had worked together. They challenged the rest of the companies in the world. Although they are not as powerful in this life, they are still strong.

Sony and those companies are world-class in terms of their product developments and company structure.

Feng Yu wants to enter the digital camera market because he knows it will bring in high profits. Other than families using handheld DV, the moviemakers and TV series production are a massive market.

The traditional film video camera will be obsolete in the future because of its high cost. If there is a cheaper option with similar quality, who will use the more expensive option?

Feng Yu looked at the SMS and frowned. He did not expect those Japanese companies to pull so many companies to their faction.

Korea’s LG, some Taiwanese companies, and some Southeast Asia companies had joined Sony’s faction. It seems like they are going to take over the Asia market.

Samsung is in the Wind and Rain Electronics faction, and LG chose to join Sony. These Korean companies are quite interesting.

Korean companies have always picked the safest option. For example, they had produced both Plasma and LCD TVs. No matter which side won, they can switch to the other side. Although they will lose some advantage, they will not put themselves in a dire situation.

Also, Korean companies are united towards outsiders, and both Korean electronics giants seemed to have planned this.

No matter which side won, they can switch factions with the other company’s recommendation.

Among these companies, Feng Yu is unhappy with those Taiwanese companies. Seems like he must increase the suppression on those Taiwanese companies to make them follow China!