Onkyo has filed for bankruptcy

That sad news sure brought many of tear to my eyes. The Hi-Fi industry will never be the same without a game changer like Onkyo! What’s next Yorx or Lloyds?

@mahler123 1+ "decent midfi." I sold Onkyo products for 4 years 1977-1981.

They were as good as or better than other midfi brands including Marantz, Sony, Pioneer. I sold them all supporting the customer's inclination never choosing a winner myself. Only Kenwood and Yamaha were significantly better in areas. Accuphase was a high end product which was seriously better than the others.

@jjss49 yes I do and people will lose jobs bubba, such arrogance. 

been using Onkyo receiver and CD changer in workshop for 20+ years, great stuff..I thought I read the audio business will remain...I always thought their stuff was good value, and mine have had great reliability...

@mahler123

You know jj49, sometimes people just can’t switch jobs like other people change socks. Day Care arrangements may limit some. Others may be approaching retirement age and not exactly look like the belle of the ball on a resume. They may have elderly parents or sick children that limit their mobility., if not their own medical issues as well. Sometimes you gamble that you can ride the sinking ship until it hits your destination out of necessity.

getting a lil off topic, but yes i agree

my point is onkyo’s poor business performance has been apparent for some time (many many years), people with limitations or difficulties w.r.t. alternative employment have had plenty of heads up on what’s coming sooner or later ... furthermore -- and as you rightfully say, riding what one knows to be a sinking ship is taking a risk in its own right ... in life we all make difficult decisions, dig deep, do the hard things for a better tomorrow, make tough transitions... some handle it better than others

in my life i have had both aging parents and sick children... and i have dealt with many bankruptcy situations big and small... the motivations of such a legal filing for protection against creditors are manifold, to put it mildly

so i will restate... op posts: onkyo goes b-k... well as a hifi enthusiast, i personally couldn’t care less (no doubt others may care more...)