[2][3] Coby was founded in 1990 by Young Dong Lee (born 1955 in South Korea), who owned 100 percent of its capital stock.

[7] With the establishment of a new factory and new manufacturing processes in early 2006, the company very publicly sought to re-brand itself as a maker of higher-quality goods; they tended, however, to be in the low-price range.

[9] In April 2013, Coby Electronics laid off 35% of their work staff and closed a warehouse in Savannah, GA, citing slow economic times.

[10] Due to severe financial problems following a contract dispute with Philips, on August 16, 2013, Coby Electronics Corporation went out of business, with Gordon Brothers Group acquiring inventory, fixtures, equipment, intellectual property, global trademarks and patents.

[3] Gordon Brothers have stated that they did not assume any of Coby's liabilities, including customer warranties, and they will attempt to revive the company as a consumer electronics firm.

[2] On December 13, 2013, the Consumer Product Safety Commission announced the recall of multiple Coby flat-screen television due to overheating and fire concerns.

Available in metropolitan and regional brick and mortar storefronts or via the Internet, Coby's products were found in a wide range of locations.