It's an interesting topic, the "death" of the traditional HiFi system. Personally, I think it's definitely on the way out. When I was a callow youth, a friend of mine who was working and earning money bought himself a HiFi system. It consisted of a Kenwood integrated amp, a Kenwood receiver and the top of the line Kenwood cassette machine. I have no idea of the model numbers. It was finished with a pair of AR10 speakers. To me as a penniless high school student, obsessed with music, it was the holy grail with blinking lights and power meters. I remember describing it to my father in rapt reverence and he asked me how much it cost, when I told him he visibly blanched at the amount. Subsequently, when I began earning regularly, my first savings goal was to buy my own system and accumulate a big collection of LP's.
As I have mentioned previously, I was accosted by a snake-oil product only a few years in to the HiFi bug and that effectively killed it. I kept that gear until it aged and deteriorated so much that i replaced it with a desultory combination of a media centre amp, a Sony CD changer and a pair of home made speakers that I cobbled together with Yamaha NS10 drivers that had been rendered spare by the recording studio next door to the radio station I was working at.
Just as an aside here, the engineers/producers at Alberts recording studios would have the NS10's re-speakered every so often when the perceived the drivers had lost their bite. Subsequently there were lots of low-hour Yamaha speakers sitting around looking for a home.
Anyway, my music collection transitioned from vinyl to CD and my equipment changed along with it. In the present, my music collection has transitioned from CD to streaming. As a consequence, my equipment is now a bluetooth amp hooked up to a pair of bookshelf speakers. If I look at my kids, the eldest exclusively uses earbuds and the youngest splits between her car stereo, earbuds and a mono bluetooth speaker. The space any of these solutions take up is inconsequential and I can't see either of them ever wanting a rack full of gear and some enormous speakers. Why would they, this is the way they consume recorded music content. It's portable and convenient.
In a previous thread I started, I posed the question (hardly novel) "Where are the female Audiophiles?" In that thread, I included a bunch of photograps illustrating the sex and age of the audience for a HiFi show. I did'nt cherry pick the photos either, the crowds were primarily 40+ males where the average age is probably over 50. So how much life has the traditional HiFi business got left in it realistically? I can't think of a single male under 30 I know that has saved up and bought a HiFi. My friends sons who are in their 20's are similarly equipped to my daughters, car, bluetooth speaker (maybe) and headphones. If any of them do catch the bug, they're more likely to buy home theatre style equipment rather than bespoke HiFi components.
I agree that the HiFi business has puportedly been "dying from the same heart attack for the last 40 years" but I think that maybe, the shift in technology and lack of interest in HiFi specific equipment might actually be the beginnings of it's extinction. Without a receptive generation to buy in, how can it continue?
Speaker crowd
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Headphone crowd
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