I am very disappointed to hear this news but, I assume, the sales of physical media (CD's) is declining and probably their product sales are not good. OPPO is a great company and, I would have hoped, maybe, they could have started building other products. A noted above, I guess they could have also sold the business but, for some reason, decided not to do.
Unfortunately, the audio community is not growing, and I am concerned that other similar business may also decide to cease production. I am also seeing fewer audio retailers. It is very disappointing that the Audio Businesses do not do more to attract younger people to this hobby, especially at the various audio shows. Of course, $65,000+ prices for equipment is not helping.
The Audio Industry needs to step up to attract more customers. Time will tell what happens. Maybe everyone on Audiogon needs to buy at least one new audio product this year (I have).