When Sony Introduced the World's First High-Definition Television to the Japanese

question 74

Essay

When Sony introduced the world's first high-definition television to the Japanese market in 1990, it was priced at $43,000. This helped Sony to scoop the maximum amount of revenue from the various segments of the market. The price dropped steadily through the years-a 28-inch Sony HDTV cost just over $6,000 in 1993, but a 40-inch Sony HDTV cost only $600 in 2010. What pricing strategy did Sony use here?

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Definitions:

Thyroid Hormones

Hormones produced by the thyroid gland, such as thyroxine (T4) and triiodothyronine (T3), that regulate metabolism, energy generation, and growth.

Follicular Cells

Epithelial cells found in the thyroid gland which synthesize and secrete thyroid hormones, or cells surrounding the ovum in an ovarian follicle.

Thyroid

A gland in the neck that secretes hormones regulating growth and development through the rate of metabolism.

Mineralocorticoids

A class of corticosteroids, hormones that are involved in the regulation of electrolyte and water balance, primarily by the kidneys.