• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 17, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Legendary Japanese hi-fi brand Onkyo files for bankruptcy

by Srestha Roy
May 17, 2022
in News
Reading Time: 2 mins read
0
Legendary Japanese hi-fi brand Onkyo files for bankruptcy
TwitterWhatsappLinkedin

Onkyo, the legendary Japanese manufacturer of high-end amplifiers, declared bankruptcy on May 14, bringing an end to an era for audiophiles and highlighting crucial lessons for executives in fast-moving businesses.

You might also like

Starbucks CEO Relocates to Seattle as Company Emphasizes In-Person Work

IRS Moves to Grant ICE Sweeping Access to Taxpayer Data, Raising Alarms Over Privacy and Legality

EU Backs National Social Media Restrictions for Children in New Online Safety Guidelines

The price/value ratio may both develop and demolish a brand. Onkyo’s brand was based on the quality and accessibility of its amplifiers. Onkyo amplifiers are sonically muscular, well-built, and adaptable to a wide range of speaker types. They also enabled discriminating ears throughout much of the socioeconomic spectrum to hear rainbows of strong sound. The exquisite M-588 is renowned, but even the simple TX-51, which has been in daily use for decades, demonstrates that Onkyo goods punch much beyond their weight.

Onkyo was unable to keep up with technological advancements. By 2015, its goods were no longer high-fidelity and affordable. Others provided comparable or better quality at even lower costs. Amazon.com and Best Buy both confirmed that new Onkyo models would no longer be available in the summer of 2020. Other retailers, including those from the United Kingdom, joined the parade out the door.

Onkyo was contracting even as its market expanded. Americans are listening to music at home more than ever before. According to Neilsen’s data, Americans listen for up to 30 hours each week on average. Portable devices and astute streaming services enable access to a large array of new and interesting music, resuming radio’s position in the “pre-Selector” era when deejays and program directors made decisions and radio firm shareholders generated money. Great musical discoveries await once again, owing to the internet, HD, Flac, and so much more. All that is required is a good sound system.

Armies of former counterculturists, now as open-hearted to the brands of yesteryear as they are to the cultural authorities they once mocked, breathe the name ‘Onkyo’ with cool reverence. The brand still has weight. Onkyo could have mounted a rebound with the right product-market fit.

Customers got disoriented and perplexed. The great audio brands alternated between leading and following them. Ours has been a decades-long global obsession with configuring our wifi / Bluetooth fiber optic 5G app-ready network-audio-center 5.1 surround sound touchscreen-enabled streaming protocols.

Tags: BankruptbankruptcyOnkyo
Tweet54SendShare15
Previous Post

SpaceX Falcon Heavy to launch record breaking geostationary satellite

Next Post

Apple reportedly testing Electronic Paper Display for future foldables

Srestha Roy

Recommended For You

Starbucks CEO Relocates to Seattle as Company Emphasizes In-Person Work

by Harikrishnan A
July 16, 2025
0
Starbucks CEO Relocates to Seattle as Company Emphasizes In-Person Work

After spending months flying more than 1,600 kilometers from California to Seattle three times a week, Starbucks CEO Brian Niccol has decided to put an end to his...

Read more

IRS Moves to Grant ICE Sweeping Access to Taxpayer Data, Raising Alarms Over Privacy and Legality

by Harikrishnan A
July 16, 2025
0
ICE’s New Biometric App Raises Fears Over Privacy and Expanding Surveillance

The Internal Revenue Service (IRS) is quietly building a new system that would grant Immigration and Customs Enforcement (ICE) automatic access to taxpayer addresses, a move that privacy...

Read more

EU Backs National Social Media Restrictions for Children in New Online Safety Guidelines

by Harikrishnan A
July 16, 2025
0
EU Officials Issued Burner Devices for U.S. Trips Amid Deepening Distrust

The European Commission has issued new guidelines under its Digital Services Act (DSA) that allow EU member states to introduce their own rules restricting access to social media...

Read more
Next Post
Apple reportedly testing Electronic Paper Display for future foldables

Apple reportedly testing Electronic Paper Display for future foldables

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?