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- #41
I don't think the market has shrunk. I think the market has grown significantly actually, and is expected grow quite fast according to this website.And I guess that HiFi in particular is no longer as high a priority as before due to the fact that the market has shrunk to a more or less purely enthusiast market.
The global consumer audio market size was valued at USD 99.58 billion in 2022. It is estimated to reach USD 303.21 billion by 2031, growing at a CAGR of 13.17% during the forecast period (2023–2031).
They also bought Audeze recently you'd recall, so they are not totally not interested either. I suspect ANC headphones are also doing well for them.