Over 100 small and medium-sized MP3 music player factories have closed in China over the past few months.
"In Shenzhen only, three brands of MP3 players die out silently per month on average," Jia Yaoyong, general manager of the north China branch of the Dazhong Electronic Appliance Company, was quoted as saying.
Two years ago, there were at least 300 MP3 player brands in the domestic market. The figure has declined to around 100, said Jia.
Four years ago, it was very easy and cheap to set up MP3 player factories in China, with profit on each player exceeding 200 yuan (24.7 US dollars). Increased competition has resulted in the closedown of many small and medium-sized manufacturers.
