- Business · Wall Street · United States of America · The Wall · Tech

By the early 1990s, the Ja­panese had all but cornered the home-elec­tron­ics mar­ket. But tech fu­tur­ist Ge­orge Gilder spied an op­por­tu­nity for U.S. com­pa­nies. “The home com­puter is be­com­ing more like a tele­vi­sion, the tele­vi­sion more like a com­puter,” Gilder wrote in an Oc­to­ber 14, 1991, Forbes cover story. “When these two ap­pli­ances con­verge into a sin­gle box—smart TV, we could call it—a world­wide elec­tron­ics mar­ket worth hun­dreds of bil­lions of dol­lars a year will be at stake.” The Wall Street vi­sion­ary was right about the rise of smart TVs (and even what we’d call them), but Amer­ica didn’t cap­i­tal­ize—the mar­ket is dom­i­nated by Chi­nese, Ja­panese and South Korean firms.

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