3 of 10
BACKNEXT
Miss: Betamax
The battle between Betamax and VHS to become the predominant video-recording format proved a heated rivalry, and culminated in one of Sony's greatest embarrassments. While most considered Sony's 1975 Betamax technology superior to VHS, Sony lost to its competitor because of strategic miscalculations.

Sony was reluctant to license the Betamax technology to other electronics equipment manufacturers and failed to realize that consumers and film producers would value VHS's longer recording capacity. More companies produced VHS players than Betamax players, and consumers flocked to the less expensive VHS systems. In 1988, Sony acknowledged defeat when it began manufacturing VHS VCRs, though it continued making Betamax players through 2002.

NEXT: Hit: Walkman

Last updated June 25 2009: 9:42 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
5 biggest share buybacks of 2014 Stock repurchases are booming. These five companies are ready to spend over $79 billion on buybacks. More
10 horrifying corporate mascots McDonald's Happy is part of a long lineage of creatures great and small that shill for products and mortify consumers. Mr. Mucus, anyone? More
5 best cities to launch a career The top spots in the U.S. for new grads to land a job -- and actually enjoy life -- according to financial site WalletHub. More