Aiwa
 | |
| Industry | Consumer electronics |
|---|---|
| Fate | Acquired by Sony Corporation, sold off to Hale Devices. Aiwa is now an independent company, after its acquirer, Hale Devices, changed its name to Aiwa. |
| Successor | Became a subsidiary of Sony Corporation (former), became owned by same-named company, Aiwa (currently). |
| Founded | 1951 |
| Defunct |
• 2002 (company) • 2006 (brand), as of 2015 not defunct. |
| Headquarters | Japan |
| Parent | Sony Corporation (2002–2006), Hale Devices (2006-2015), Aiwa (2015-) |
| Website |
aiwa |
The Aiwa Corporation (commonly called Aiwa (アイワ)) is a Chicago-based company, formerly known as Hale Devices before 2015. Until 2006 it was a subsidiary of the Japanese consumer-electronics company Sony and then was absorbed to it. It produces audio and video equipment.
History
The company was founded in 1951 as AIKO Denki Sangyo Co., Ltd., manufacturing microphones, and changed its name to Aiwa Co., Ltd. in October 1959.[1] The company was a leading manufacturer of audio products, including headphone stereos, minicomponent stereo systems, portable stereo systems, minidisc players, CD and cassette players, and car stereo systems throughout the 1970s, 1980s and 1990s.[2][3] Nearly 86 percent of company revenues were derived from such audio products. The company also made and sold video products, such as VCRs, color televisions, DVD players, and digital satellite television tuners; this sector accounted for about 12 percent of sales. In the "other" category responsible for the remainder of sales, Aiwa was involved in the production of computer peripherals devices, such as modems, terminal adapters, and speakers, and what the company termed "life amenity products," such as air cleaners and humidifiers.
Aiwa manufactured more than 89 percent of its output outside Japan, with a heavy emphasis on the lower-cost southeast Asian nations of Singapore, Malaysia, and Indonesia. The company was also heavily dependent on overseas sales, with more than 80 percent of total revenues being generated outside Japan, with 43 percent in North and South America, 25 percent in Europe, and 13 percent in areas of Asia outside Japan and in other regions. Although not then officially an affiliated company of consumer electronics giant Sony Corporation, by 1982 Sony had a 54.6% stake in the company.[4]
Operations after acquisition by Sony
The company slid towards bankruptcy until it was purchased by competitor Sony Corporation.[5] As of October 1, 2002, Aiwa ceased to be a separate company and became a wholly owned division of Sony. The company retained a logo from the mid-1990s which was used for a very short time.
In January 2003, Sony announced the rebranding and relaunch of Aiwa as a "youth focused, PC-centric" electronics brand.[6] A new logo was presented to the world's media along with a statement of Sony's intention to invest in and "revitalize" the Aiwa brand.
The direction proposed was to capitalize on the growing trend among personal-computer-literate teenagers and young adults to use their PCs for all forms of entertainment (television, films, music, chat).
By 2005 Aiwa products remained on sale in only selected territories around the globe. In 2006, Aiwa products were discontinued and no longer sold in the market.
As of January 2014, the Aiwa website still existed to provide customer-support telephone numbers for some territories and regions, but it also contained many broken links and blank pages. In other regions, such as Europe, it redirected to a page on the Sony website stating that the Aiwa website had closed.[7]
Trademark acquisition by Hale Devices
In March 2015, a Chicago-based consumer electronics company headed by Joe Born and previously doing business under the name Hale Devices, Inc. announced it had acquired the Aiwa trademark, relaunching the Aiwa brand once again, releasing its first product, the wireless Bluetooth speaker dubbed the Exos-9.[8]
Logos
From 1959, for this company, there was three different logos. The first logo of company has been in use from 1959 to 1991, the second logo has been in use from 1991 to 2002, and the third has been in use from 2002 to 2006. The current logo is the second one.
See also
- List of companies of Japan
- List of defunct consumer brands
- List of electronics brands
- List of electronics companies
- Sony Corporation shareholders and subsidiaries
References
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Wikimedia Commons has media related to AIWA. |
- ↑ "Aiwa Co., Ltd. History". FundingUniverse.com. Retrieved March 31, 2015.
- ↑ Andy Madden (March 18, 2015). "Aiwa returns with the Exos-9 Bluetooth speaker". What Hi-Fi? Sound and Vision. Haymarket Media Group. Retrieved March 31, 2015.
- ↑ "Aiwa". HomeTheaterReview.com. Luxury Publishing Group Inc. Retrieved March 31, 2015.
- ↑ "The giants in Japanese electronics". The Economist. February 20, 1982. Retrieved March 31, 2015.
- ↑ Adrian Covert (September 16, 2011). "Aiwa: The Almost Great Audio Company". Gizmodo. Gawker Media. Retrieved March 31, 2015.
- ↑ Mark Sweney (February 14, 2003). "Sony in talks with London shops about global Aiwa creative brief". Brand Republic (Haymarket Media Group). Retrieved March 31, 2015.
- ↑ "Find out about AIWA Support: Official Information from Sony". Sony Europe. Sony. Retrieved June 9, 2012.
- ↑ John Carpenter (March 11, 2015). "How Aiwa, a former global stereo brand, is getting resurrected in Chicago". Chicago Tribune. Retrieved March 31, 2015.
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