Audio Research filing for bankruptcy?


I just heard Audio Research might be filing for bankruptcy. This is a shock to me. I just called them a few days ago to have my Ref 6 upgraded to a Ref 6SE. I will also be the new owner of the Ref 750s. I was just wondering if they did go bankrupt what would all those millions of owners do about servicing their equipment. Should I be concerned? I’m alittle worried now. 

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Showing 1 response by tweak1

If they had sold millions, then they would not be in this position

IMHO as a 50 year hi-end audio junkie: this is just the tip of the iceberg, especially for uber expensive kit. Renting an apartment (or buying) in many popular cites is so out of reach for the 99% that even IF they were predisposed to hi-end kit, they cannot afford it: an 700 sft efficiency near downtown Ft Lauderdale is $1700-$3000/mo! And then cars are absurdly priced as is car insurance, etc, etc

Combine those issues with significantly better kit (compared to days of old) at <1/10 the price of the uber expensive kit and... well... RIP