mmm thats sad . i use an onkyo sacd player as a transport and its very good .
"
Onkyo shuts down. The once-honoured Japanese hi-fi brand has gone bankrupt. Thus ends a chapter in audio history that has lasted since 1946.
With debts of 3.1 billion yen (about 23 million euros), Onkyo could no longer make ends meet. And on Friday, the company itself filed for bankruptcy in Osaka District Court.
So writes the business media Nikkei.
There was a time when Onkyo’s demise would have sent shockwaves through the audio world. That’s not going to happen. Probably few will notice. And some will ask:
Who was Onkyo?
But the world has changed, and Onkyo hasn’t been able to keep up. Gone are the days when hi-fi was a people’s passtime. We still listen to music, but the heavy hi-fi rack in the living room has been replaced by portable audio, auto stereo and wireless multi-room speakers.
There are still enthusiasts who spend fortunes on stereo. But then the equipment becomes super-expensive and exclusive. And Onkyo was never that. Onkyo stood for reasonable mid-range equipment at reasonable prices.
Onkyo’s fall comes as no surprise either. The company has been in crisis for years. And while they did manage to come up with good products, like the Onkyo TX-8270 stereo receiver, the market was too small to accommodate the smaller brands.
https://www.lbtechreviews.com/news/hi-fi/onkyo-has-gone-bankrupt#:~:text=The once-honoured Japanese hi,no longer make ends meet.