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.
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
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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- 55 posts total
- 55 posts total