1.people now just don’t care for equipment.
2.audiophile business is full of snake oil salesmen(cd and record demagnetizers)and who can forget the king of them all ,george tice and his tice clock.
3.audiophile stores are unfriendly I’ve walked into many types of hi end store(jewelry,furniture automobile)and have been treated with some type of respect , but rarely at high end store, i’ve been sneered at and even insulted.there is no industry that goes out of its was to insult existing customers and turn off potential new customers.
4.magazines, blame the reviewers they are mostly bored geeks who only want to review outrageous expensive exotic equipment.turning off 99.99% of the buying public.
5 the companies,do we really need another 10 watt 20K amplifier?? companies have completely lost touch with reality.who the hell can afford this stuff ??and most of it is very unreliable to begin with. one website says the audiophile industry is $200M a year not impressive even for a company let alone an entire industry.