The death of the CD industry is leaving millions of audiophile holdouts in the lurch
It's been more than 15 years since the heyday of CD sales. But the shiny little discs still have their devotees. As this chart by Statista shows, millions of people continue to purchase CDs ever year.
Given that the sound quality of CDs is superior to streaming services like Spotify or Apple Music, it's not surprising that there are audiophile holdouts. But these diehards might be in for some tough times following the announcement by electronics retailer Best Buy that it will stop selling compact discs in its stores.
Best Buy's move could provide the death blow to CDs, or it could signal the beginning of a vinyl-like comeback for people with a yen for "retro" items.
BI Graphics/Shayanne Gal
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador