CD’s, Life Cycled Out?
Feb 15th, 2011 by evany
As we were discussing the Product Life Cycle in the last class it got me to thinking about many products and what stage of this cycle they’re in. One product that came to mind instantly is the compact disc.
When I think of the compact disc it wasn’t too difficult to drop it into one of the four product life cycle categories. The CD itself exemplifies a product that is in decline. The characterisitcs of the decline stage is declining sales, decliining profits, few competitors and products and consumers who are behind the time and the CD fills all these criterion.
Breakdown of the CD:
- Sales/Profits-Declining
- Consumers-Most have moved on to MP3’s or other digital downloads
- Competitors-Most are moving on ways to digitally produce.
With the main reason the death of the CD is looming is advancing technology it makes me wonder how long until the next big thing comes along to take place of digital soundtracks (if there will be one).