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If its shrinking, how come there's so many companies producing hifi equipment?

Looking at ads/reviews in mags/e-zines displaying the amazing number of products available from all over the world sure doesn't give the impression that the hifi market is shrinking.

Seems to me what's happening is more companies, more products, more competition for sales. Not so sure the number of customers has shrunk, but the pie has to be split into more pieces.



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