RJ technology has come up with the idea of making the old new again, by sticking a CD/DVD player, storage cabinet and amplified speakers into the form of a classic phonograph. For Antique collectors who live in this "new technology" dominate age, or if you just want a stylish conversation piece you can pick one of these up for $1000.
Implications - Although music is readily available to download, MP3s quality-wise aren't as good as vinyl. Modern bands today are releasing records in addition to CDs to appeal to a crowd that truly have a passion for music. While not everyone can bother with records, they're still intrigued by the retro beauty of old-school players. Thus, businesses have combined the best of both worlds that satisfies the modern generation.
What's Driving This Trend
- Retro Refurbished
- There is potential for more companies to refurbish retro products with modern technology to offer a stylish conversation piece.
- Hybrid Music Players
- Offering hybrid music players that combine the retro beauty of old-school players and modern quality of digital music can appeal to both modern and classic music lovers.
- Vinyl Resurgence
- The resurgence of vinyl records presents an opportunity for businesses to tap into the passion of music aficionados with a demand for higher quality music options.
Who This Affects Most
- Audio Technology
- The audio technology industry can capitalize on this trend by developing products that combine retro design with modern technology to provide hybrid music players.
- Consumer Electronics
- The consumer electronics industry can benefit by creating new products or refurbishing old ones with modern technology to meet the demand for retro products with modern functionalities.
- Music Industry
- The music industry can seize the opportunity to cater to the vinyl resurgence trend by releasing music on vinyl records alongside CDs and digital downloads to appeal to music aficionados.
