There is, supposedly, an economic recovery on the way. Which may be part of the reason. I think the main one, is that HiFi is becoming more of a cottage industry. The ultra High End, hand building Audio Bling for Hedge fund managers, seems to be doing ok. The large manufacturers feeding in lower down the scale, I suspect are doing less well. I would be interested to know how sales are going with ARC, CJ, Macintosh and the like. I doubt if they are growing. There can not be the economies of scale that there were in the Golden age of Audio in the 70's, when everyone aspired to a "HiFi System"
Another factor must be costs in China. As you know, wage rates are shooting up there, even if it is from 1 to 2 handfuls of rice a day. It is ironic, that countries like Vietnam are undercutting Chinese wage costs at the moment.
Another factor must be costs in China. As you know, wage rates are shooting up there, even if it is from 1 to 2 handfuls of rice a day. It is ironic, that countries like Vietnam are undercutting Chinese wage costs at the moment.