I’d say there’s a good chance fewer people are dissatisfied these days with what they already have leaving a smaller market for the true "high end" stuff.
Many have good quality cellphones to start with these days and with the many good quality headphones and even Bluetooth speakers available these days for not very much few have little need for much else to listen to music with.
Not to mention all the other entertainment options people have out there these days.
So basically a lot of competition for a lot less out there.
that and also stagnant wages and rising cost of living probably has something to do with it.
Many have good quality cellphones to start with these days and with the many good quality headphones and even Bluetooth speakers available these days for not very much few have little need for much else to listen to music with.
Not to mention all the other entertainment options people have out there these days.
So basically a lot of competition for a lot less out there.
that and also stagnant wages and rising cost of living probably has something to do with it.