Symantec provides computer utilities and plays a major role in some software categories. The company was established in 1982. Although this company is not very dominant compared to others, leadership qualities have been recognized for some software’s developed.
In 1986, the company shipped a flat file database to IBM PC’s; this was their first big product. The user friendly interface for these computers has a great significance to the natural language of this product. In 1986 this company calculated net sales of $1.4 million dollars. After time progressed it was quite understandable that the product was not effective to compete on the market. With sales combined the company managed to accumulate $8 million dollars in net sales for a 2 year period. After examination of this failed result, considerations were being made for the company’s future existence. A new direction was put into play for Symantec Corp, to direct their products for the niche market.
Symantec never lost hope
For many company’s upon reaching a financial brink, they will acquit their losses and close down the company. This was not so for this company, there was never a Symantec endpoint. The company continuously researched new ways to improve the sales of the business. As new products were introduced there was an increase in sales. Currently, the company has other subsidiaries such as Symantec Srl. (Italy), Symantec (UK) Ltd, Symantec Ltd. (Ireland), Symantec SARL (France), Symantec GmbH (Germany) and Symantec Canada Ltd.
The company is still not among the top performers on the market like Microsoft and other competitive enterprises. But the company has increased its provisions offering a wide range of products. There are still some products that remain effective and dominant for this company. There are many achievements that have been made since implementation of the niche market. Symantec still holds its perseverance and looks towards a holding a firm stands in the market.