The Economy.. will hi end audio mfgs lower prices?


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The state of California just laid off 20,000 employees. National unemployment is at a 30 year high.

Will there be a shake-out in high end audio? Will we continue to see $10k preamps and $30k amps?

According to the article below, prices of most consumer goods, especially big ticket consumer goods are going down.

....copy and paste it into your browser

http://finance.yahoo.com/tech-ticker/article/176714/American-Retail-Goods-On-Sale-Now----and-Forever?tickers=sks,%5Egspc,%5Edji,wmt,jwn,wfmi,cost
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Showing 2 responses by klaudio

You will see a change in this industry. People cannot afford $8000 cd players right now. Alot more cannot afford $2000 cd players. Look what is happening at Sony, Pioneer and Mcintosh.

How many cd players do you think Esoteric sells in a
normal year? Imagine how many this year. There will be a change in our audiophile landscape in the next two years.
Those in the business real business world know this.

Alot of supply.........little demand.
I agree Ellery. Ther have been over 10,000 pharmaceutical
reps for all of the "big pharma" companies laid off
in the last year alone. There "were" quite a few car salesman making big bucks on those $50,000 SUV's people
cannot make their payments on now. This is a different kind of economic downturn vs. the 1930's and even the early 1980's. There are many $100K-150K jobs that have been lost over the last year that will never be replaced.
IBM, Microsoft, Sony and even Starbucks. A General Manager
in a good Starbuck's store made a good living.

These are the people buying and upgrading their
equipment and keeping the economy going.
How would you like to have two kids in college and
lose your $100k a year job? My local high end
dealer markets Sony and Pioneer televisions.
Only the better Sony televisions. He is the oldest
Sony dealer in our part of the state. Made a killing
on Pioneer plasma tv. If someone told me two years ago both of those lines could be in trouble, anyone on this site would have called them nuts.

Again the basic Law of Economics.

Plenty of supply.....low demand.

Good for us audiophiles though!