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Critic's Corner Discuss a review. Provide constructive feedback. Talk to the industry. |
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Critic's Corner Discuss a review. Provide constructive feedback. Talk to the industry. |
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In Reply to: Follow the money? posted by Jim Pearce on July 2, 2016 at 07:53:14:
I was unable to get at recent data - anyone manufacturer here who is a member of CTA may have much better access- A quote from a 2011 NPR story -
"Cue up the statistics: In 1998, The New York Times estimated that high-end audio sales totaled approximately $500 million a year. In 2010, the CEA says, sales were around $200 million."
The recession and housing crash certainly contributed to these numbers. My take, is that the high end will continue to slowly shrink, but will likely carry on as a luxury goods/enthusiast industry.
Onte thing I am curious about is where the overall luxury durable goods industry will be headed. I get the sense (with nothing but anecdotal observations) that the coming generations are going to be spending a lot less on Things than we have done.
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Follow Ups
- RE: Follow the money? - John N 14:06:26 07/02/16 (2)
- Oh wow. - Kal Rubinson 17:57:13 07/02/16 (0)
- RE: Follow the money? - Jim Pearce 15:25:59 07/02/16 (0)
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