MP3 players recalled
Reigncom, the No. 4 MP3 player manufacturer worldwide, has agreed to allow consumers to exchange malfunctioning iFP 700, 800 and 1000 players. The company has confirmed that the players can emit white noise, although the problem occurs only in a fraction of the devices. Reigncom posted a video of CEO Yang Duck Jun apologizing for the problem. The Korean company, mostly known for the iRiver line of players, holds a 7 percent market share worldwide, according to NPD Group, and is ranked fourth in shipments.
July 22, 2004
