Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Pioneer
Stock Market

Japanese electronics manufacturer Pioneer is ready to return to the market

03.08.2022
2 min read

Pioneer Corporation introduced a new navigation device

Many electronics manufacturers that were at the peak of popularity 10-20 years ago are now experiencing a crisis or have quit the market altogether. This is what happened to the Japanese company Pioneer, which did not keep up with the rapid progress and could not transform the business in time. However, it is possible that the brand will revive soon.
In 2019, the corporation’s revenue critically declined, and the decision was made to sell the business. An investment fund from Hong Kong bought it for $904 million and began modernizing it. Recently it became known that Pioneer may return to the market, but no longer as a manufacturer of electronics.
According to the Nikkei Asian Review, earlier this year the company released a navigation device NP1, which performs the function of creating a route for the car and at the same time serves as a video recorder. The device has no display; as a result, communication with the driver is done solely by voice commands.
You can use the device by accepting a subscription agreement. By paying a certain annual fee, the customer receives regular map and database updates. Updating is done through Pioneer partner companies. The driver forms a request to build a route to a certain destination, and the navigation device suggests the best way.Pioneer NP1 systemThe NP1 system is currently only on the Japanese market, but in the future, the brand wants to expand its presence in the region of South-East Asia. In addition, the company’s long-term plan is to accumulate a certain amount of data from the device and provide it to corporate clients. The accumulated data will identify areas that are a threat to drivers and places with an increased accident rate. In addition, by analyzing the incoming data it is possible to optimize the volume of greenhouse gas emissions and develop the best route for trucks, taking into account traffic and terrain relief.
At the same time, Pioneer has not abandoned the hope of returning to the stock market, but such a move requires an increase in revenue, the level of which is currently insufficient. In addition, the manufacturer will have to rebuild its reputation, which has suffered during the crisis years. Pioneer wants to concentrate its activity first of all on the service sector, as it is less costly than the production segment.
The Japanese corporation began in 1938 as a radio repair shop, and in the 20th century, it was one of the market leaders in interactive television. The company produced DVD players, plasma televisions, and car stereos. However, in 2014 the position of Pioneer in the market sagged, and the corporation gradually began to sell its divisions. Ultimately, until now, the only direction of the manufacturer has remained automotive electronics.

Tags: Stock Market
0
Previous Post The European Central Bank intends to launch the digital euro by 2026 Next Post Digital solutions as an effective tool for business

You Might Also Like

Cloud services platform Qiniu
Stock Market
Cloud services platform Qiniu plans IPO on NASDAQ
02.02.2022
IBS Software-2
Stock Market
Blackstone sells its stake in India’s IBS Software
30.09.2023
Campari
Stock Market
Italian brand Campari completes private placement of shares
25.04.2024
Major global companies
Stock Market
The world’s major companies showed record growth dynamics of capitalization
22.02.2022
Tom Ford brand
Stock Market
Estee Lauder made a deal to buy the fashion brand Tom Ford
27.01.2023
Japanese mobile operator KDDI
Stock Market
Japanese mobile operator KDDI to buy back some of its shares from Toyota
31.08.2024

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics