Casio has been leaving a lot of money on the table in terms of nostalgia products. There's been a low rumble of demand for the Casio CZ series of synthesizers for a decade or more, and a bunch of non-Casio companies have cashed in on it (Behringer makes CZ-1 Mini, Arturia has CZ V, several other phase distortion synths exist). It's incredibly cheap to replicate, a simple early digital synthesis algorithm that'll run on anything; Korg has been making ARM-based emulation synths (basically a Raspberry Pi-like SoC in a keyboard form factor with some knobs) for a decade or more and I have to assume their margins are very comfortable since most of the guts are off-the-shelf low-cost parts rather than custom chips.
But, I guess their watches were always a bigger business than the synths.
But, I guess their watches were always a bigger business than the synths.