Thoughts from the 1980 Winter CES
The 1980 Winter CES, held in Las Vegas in January 1980, came on the heels of the worst business year the audio field has seen in almost a decade. So-called high-end audio, in particular, had distressing sales declines during the last year of the 1970s, with some dealers (who had not yet gone out of business) predicting that their books for 1979 would probably show as much as a 30% loss in sales from the previous year. Dealer turnout in the Las Vegas Jockey Club, where most of the high-end manufacturers were showing their wares, was nonetheless surprisingly good, although makers of the highest-priced exotica were not as ecstatic about the turnout as were those exhibiting more-affordable gear. One high-end entrepreneur was heard to say (to one of his associates), "It doesn't look any better for this year than last."
