Skullcandy Incorporated: Skullcandy Was Founded by and Cris Williams in 2003

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SKULLCANDY INCORPORATED

COMPANY PROFILE
SUBJECT: GC10 203 INDUSTRIAL RESEARCH
FACULTY: PRATIK GURNANI
PRESENTED BY
DEEPAK TIKLE
21IIMPGDM133

BUSINESS OVERVIEW
COMPANY NAME- SKULLCANDY INCORPORATED
ESTABLISHED YEAR, HQ -2003, PARK CITY, UTAH, US
PRODUCT OFFERING- headphones, earbuds, earphones, speakers.
Revenue- 51.4 million US$ IN 2021
EMPLOYEE STRENGTH- 279
COMPETITORS- NOTEFLIGHT, GIBSON BRANDS, BAND INDUSTRIES
AND EXPRESSIVE E, BOAT, JBL.
1] Skullcandy was founded by RICK ALDEN and Cris Williams in 2003.
2] The first Skullcandy product, the Skullcandy Portable Link, was introduced at the
2003 INTERNATIONAL CONSUMER ELECTRONICS SHOW (CES) in LAS VEGAS
NEVADA.
3] The LINK system combines headphones with hands-free cellular TECHNOLOGY
allowing users to listen to music from a portable audio device, while making and receiving
calls through their cellphone.
4] Skullcandy holds a patent for the wireless version of LINK technology.
5] In December 2008, Skullcandy products were described as "the world's coolest ear bud,"
by FORTUNE MAGAZINE.

BUSINESS SEGMENT
SKULLCANDY currently focus our product offerings in two overall categories: audio and
gaming.
1] Audio-
Our audio headphone product offerings have evolved from one product in 2003 to over 35
products, which include wireless headphones and speakers, sports performance, and women's
offerings. Our audio headphone products represented the majority of our net sales.

2] Gaming-
Our gaming headphone products include products under the Astro Gaming brand and the
Skullcandy Gaming brand.
Astro Gaming markets high-performance and feature-rich products for dedicated gamers.
The brand's flagship products, the A40 and A50, are premium wireless, Xbox One and
PlayStation 4 compatible Dolby Headphone-enabled 7.1 surround sound gaming headsets
that delivers a fully immersive gaming experience.

FINANCIAL ANALYSYS
7%
27%

2013
34% 2014
2015
2021

32%

BUSINESS STRATEGIS

1] Skullcandy will focus on clear messages to excite the consumer.


2] Increase differentiation and install a more disciplined product development strategy.
3] In the past he said Skullcandy has focused on some good ideas instead of all great ones.
4] The goal now is to become a product company, not just a brand-driven one.

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