Guns, sales and core principles

[gejohnston]

25. In Colt's case, they have been struggling for years

there are a number of reasons for this. One is that they decided to cut back on commercial sales and concentrate on their military and police contracts and manufacturing costs because they stuck to old school craftsmanship instead of embracing CNC technology. While they shared a near monopoly with Smith and Wesson for police revolvers in the US and Canada, departments started adopting pistols made by an Austrian upstate named Glock and other European companies and their US subsidiaries. At the same time, they lost the military handgun market to the Italian company Beretta. Now the rifles are made by the Belgian company FNH.

After neglecting the commercial market, they also saw more competition from Europeans and US upstarts like Kimber, Kahr, Ruger, etc.

As for the Spitzer, his pop psych nonsense is about accurate as a Sylvia Browne psychic reading.