It might be far from dead yet, my point is that the younger people of today (born f ex in the 1990`s) will IMO not spend the kind of money on hifi/high end that we "older" people are/have done. They are listening to music through their Iphone`s etc and do not care about sound quality. We didn`t have this option when growing up, no streaming, no internet etc.
I bought my first mono Phillips cassette player at the age of 10. Then I bought a speaker that I connected to this in order to get "better" sound. This was in the early 70`s... From that point it was no looking back and I ended up with gear like Kondo, Absolare, CH Presicion etc (all sold now).
My point is this; Younger generations have not been through this "process". All they know is their Iphones, Ipods and streaming from Spotify. Yes it might be so that the headphones business will survive although I doubt that people will spend much on this as well.
The high end industry will (IMO) go on for 15-20 years more by offering "even higher resolution, new exotic materials, lower distortion"

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