Thursday, April 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Updated Apple TV Set For Release In June
ASUS to Unleash Full SATA Express Performance With SRIS
IBM Tackles Big Data Challenges with Open Server Model
Cyberlink PhotoDirector Coming To Android Phones
LG Soundplate Coming In May
Facebook Enjoys High First-quarter Revenue
Qualcomm Reports Less Than Expected 2Q Revenue
iPhone Sales Drive Apple's Record March Quarter Revenue
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Optical Storage > DVD ret...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, January 17, 2005
DVD retail legend falls from Apex


The Apex brand, especially its DVD player, is a US retail legend.

In less than five years, Apex sprang from nowhere to snatch 10 per cent of DVD sales, second only to Sony in the fastest-growing US consumer electronics segment. A year ago, its Chinese-made DVD players were a Christmas sensation at $US29 in Wal-Mart with 2003 sales of $US1 billion a year.

Forbes magazine described the importer, Apex Digital, founded by two Chinese Americans in California, as "a freakish alien" and "Sony's biggest villain".

Now the "freakish alien" has hit earth with a thud. Apex Digital is at the centre of the first big Chinese corporate scandal for 2005, accused of inflicting embarrassing losses of $US500 million ($657 million) on China's biggest television exporter, the Sichuan Changhong Electric Company.

Apex founder and president David Ji, a naturalised American from China, was arrested in Shenzhen while visiting China on a 10-day business trip in October, reportedly on fraud charges.

Sichuan Changhong is listed on the Shanghai Stock Exchange, which is investigating why the company didn't disclose the alleged problem debt and looming losses sooner. And the Communist Party boss of Sichuan Changhong's home city, formerly an executive of the company, has been abruptly dismissed from his post.

For additional information visit http://australianit.news.com.au.


Previous
Next
Disk drives to stop shrinking        All News        Motorola may benefit from Samsung slump
BenQ resumes OEM production of DVD drives for Pioneer     Optical Storage News      Maxell's New DVD-RPRO Resists Scratches, Dust and Smudges

Get RSS feed Easy Print E-Mail this Message

Related News
Apex Debuts DivX Certified DVD Players
Apex E2go portable media player achieves DivX certification
MPEG LA sues Apex Digital for Breach of MPEG-2 license agreement
Apex Digital's ApeXtreme PC Game console honored as `Best of CES' in home audio & video category
VIA and Apex announce PC-based game console in CES
Exclusive: Apex to stop selling "loopholed" dvd/vcd/mp3 player?

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .