Betamax vs. VHS

(YouTube link)

Young people puzzle over videotape, and we may laugh at how outdated it is, but at one time it was a revolutionary idea for consumers. This is a history lesson. Way back when, viewers had no choice about what to watch in their homes, except for the few TV channels that broadcast what they had on their own schedules. Then home video debuted and opened up an entirely new world. Sony’s Betamax format was first, followed by JVC’s VHS format. Betamax was the higher-quality format, but VHS soon buried them as the consumer’s choice. Why? Bill Hammack, the Engineer Guy, explains what happened in the late 1970s to settle the videotape war. -via Viral Viral Videos   


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Most certainly they will. In many ways they're being forced to make very fast change and growth. They're taking risks with new buildings that the west would not dare for another 20 yrs.

I had a look after seeing this post. But I suspect his vision is very tunneled.
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Actually, it refers to the dominant product. A product can become locked-in, or dominant in a market, despite inferior qualities or even a higher cost. There are many reasons a product can dominate a market in such a way. Essentially though, it comes down to the decision making agents in the system (us consumers) feeling a product is the better buy simply because it has a dominant share of the market, even if they don't really prefer that product.

VHS and, more famously, the QWERTY keyboard are good examples of product/technology dominance due to lock-in.
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Musk knows that he has a product that no one will be competing with. The big three are so locked into fossil fuel that they have no personal incentive to change. They just released a commercial to tell everyone how not buying from a dealership will destroy your purchase and is evil. They're scared but unwilling to change. at least not at the rate Musk is pushing the envelope. Considering how fast Tesla upgrades their cars he has nothing to worry about. And the release will only encourage widespread tinkering only to increase the growth more. You and I cannot make a care at home. But we sure as hell can buy one, go one a few maker forums and add some things we'd like to see and we're all the happier for it. I think he's learned a lot from Space-X and how the group has quickly evolved the product far faster than committee ever could.

On a side note, I sincerely cannot believe this engineer guy even made this video let alone posted it.
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This guy really needs to go back in time and look at licensing. He's COMPLETELY off base on the reasons being tech related. He's comparing a betamax made in 1977/78 to a VHS made in 79. A year in tech does reduce weight. But big deal, you didn't carry the machine around.

The betamax died out in the mid 80's do to the same reasons MiniDisc, and 7" audio disks died. Sony kept the tech proprietary. The tapes, discs, whatever material had to be bought along with the machines, from Sony ALONE. At Sony's prices. Which are, even today, still at the top of the bar for consumer electronics. The VHS was licensed freely and had very strong competition driving down costs on both the machines and consumables along with raising competition for features on the machines. But Sony tech stagnated and did not continue to keep up with feature upgrades since they were not making the sales.

This simply a case of keeping too tight a hold and not having a strong enough brand to carry the price tag. Apple runs this risk as well. And, as competition increases giving other devices and OSes equal footing, Apple continues to loose market share. JUST LIKE Sony. It's simply a case of market econ.
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