Reuters has reported that Sony Corporation is experiencing a 20% drop in profits this year, brought about by poor showings from audio and video product sales, slow markets, price wars, and a lack of hit records. The report also stated that the electronics sector, which normally generates the bulk of Sony sales, saw operating profits decline by more than half compared to the previous year.
In the latest article to appear in the Archives, Robert Harley comes right out and asks, "How many of you actually read the 'Measurements' sections of Stereophile's equipment reports and understand what's being measured, and why? I suspect that many readers skip over the technical assessment of the reviewed product and make a dash for the 'Conclusion.' "
Toronto-based Lenbrook Group announced earlier this month that it had acquired NAD Electronics from AudioNord International, a Scandinavian organization that has owned the brand for most of this decade. The deal is expected to close next week, on May 3. Lenbrook will take over NAD's worldwide marketing and distributorship, but AudioNord will continue to market the brand in Holland, Belgium, Luxembourg, Germany, and Scandinavia. Other joint marketing ventures will follow, according to Lenbrook's public relations agent.
We posted an update on Peter Belt and his activities earlier in the month, but the saga began many moons ago. If you're curious about where it all began, or just need to know more, then J. Gordon Holt's "L'Affaire Belt" is for you. Stranger than fiction? Guaranteed.
In an aggressive move into the used audio equipment market, New York retailer Harvey Electronics announced last week that the company will begin to sell used audio products and special purchases of new merchandise on eBay, an online auction site, beginning June 1, 1999. The company also recently announced that it will sell merchandise through other website partnerships.
Step all the way back to issue number one of Stereophile, in which Lucius Wordburger proffers some sage advice on How to Write an Ad. Learn about The Endorsement (hint: don't use Fidel Castro), The Calculated Omission, and The Junk Product.
A surreal event took place at the 1991 Audio Engineering Society Convention when loudspeaker cables were put on the witness stand. Robert Harley details the amazing event as it unfolded, along with many unexpected twists and turns, in "Audio McCarthyism."
Any audiophile who stumbles onto one of the more cantankerous audio newsgroups ("wreck audio opinion," anyone?) may wonder what has happened to the modern breed of audiophiles. One suspects that religious wars pale when compared to how some audio pundits jostle against each other! But over the years, there has always been a wide variety of opinion. For a perspective written decades ago that still holds true today, we present J. Gordon Holt's classic "Why Hi-Fi Experts Disagree."
Last week, the Recording Industry Association of America released its annual demographic survey of 3051 music purchasers in the United States. "Several interesting profiles emerged in 1998, including the boom in R&B and Gospel, as well as the sharp decline in Rock sales," said Hilary Rosen, RIAA president and CEO. "Demographic shifts also continued, with women outbuying men for the second year, and a drop in purchases among 15-to-29-year-olds, contrasted by significant growth among those age 35 and older." Last month, the RIAA released its annual year-end shipments statistics, which revealed the size of the domestic sound-recording industry in 1998 to be $13.7 billion.