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In Reply to: RE: Follow the money? posted by Jim Pearce on July 02, 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.
Follow Ups:
"In 1998, The New York Times estimated that high-end audio sales totaled approximately $500 million a year." I doubt that the NYT has or had enough interest in high-end audio to invest in any research. They probably quoted someone or something just as NPR did.
Edits: 07/02/16 07/02/16
I assume that is U.S. sales, but that would put it at only $500 to $600 million world-wide. Perhaps it has recovered somewhat since 2011, but an industry that size has to borrow innovation from other industries: which helps to explain the emphasis on DACs, music servers, networking etc..
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