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esoteric products

Hi Goners!

With the recent purchase of controlling shares of TEAC, Gibson Int. has been on quite a tear solidifying both the instrument, pro and home audio areas of they're growth!

With a consolidation of Onkyo, among others, they have been quoted as saying that Esoteric accounted for only 1.9% of the audio division of TEAC!!

As to the future of Esoteric they again stated that the brand "will have to mature and evolve on it's own"...

With the core group of USA market and matinence people accepting other jobs outside of the TEAC group then, even if Teac still pledges to support the upgrading and repair of the units how long can it be before Esoteric does a nose dive?!!

Is this the reason EVERYONE is dumping they're Esoteric gear? Looks like a dead end for the GRANDIOSE line...

Your thoughts,

Azjake
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azjake OP
285 posts
 
good point zd542! I just feel the combination of losing key marketing and a7r people, along with "lukewarm'acrediting of Esoteric may spell bad times ahead for those thinking of purchasing or about to try and sell this brand!
buconero117
2,311 posts
 
The consolidation means cutting costs, and usually the first step is to outsource R&D, then all manufacturing, mostly to China. That is what McIntosh, Denon and Marantz have done. You then find all the company lines being pretty much the same, except for the pricing and branding. Also, the legacy brands are running out of customers, they are dieing off. The future is firms like Oppo, and I would not be surprised if they enter other products in their line. Today's top of the line Oppo decks beat anything in the esoteric line.
dgarretson
2,598 posts
 
From filings it appears that TEAC annual revenues are around $185M. I don't know how much of this is attributable to its audio divisions, but assuming 1.9% of total revenues, Esoteric is no larger than $3.5M. This is decent revenue for a high-end audio company-- doubtless much higher than sales of any of its direct competitors (e.g. DCS, MBL, EMM). However, viewed within the broader landscape of consumer/pro electronics it is(like most other high-end audio manufacturers) a tiny number. But so are Corvette sales.... Hopefully Gibson will understand the value of a statement brand. I have doubts, but am very much enjoying a new K-01X.
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zephyr24069
1,243 posts
 
Understood and agreed on all comments...did not think any of the comments were incendiary at all. I share some of the same misgivings on resale value drops, etc....but still see this as a platform that for my ears, gives me a great experience. When I compare to some of the other gear prices on the market from other multi-box stack vendors built on Oppo/other platforms, I am content to stay where i am for the time being and enjoy the music!!!
zd542
5,339 posts
 
"Oppo, and I would not be surprised if they enter other products in their line. Today's top of the line Oppo decks beat anything in the esoteric line.
Buconero117 (Threads | Answers | This Thread)"

I find it highly unlikely you took an Oppo and put it next any Esoteric player, let alone the entire line. So, the only reasonable answer would be that you're guessing. (Reading magazine reviews and looking at spec sheets don't account for listening experience.)
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