Has iPod Killed The Stereo Star?

“In a surprisingly short period of time, the hi-fi as we know it has been rendered obsolete, tossed into the dustbin of history. According to the U.S.-based Consumer Electronics Association, sales in 1999 for individual audio components — CD players, tuners, etc. — exceeded 270,000 units. By 2003, that number had shrunk to roughly 20,000 pieces, barely enough to sustain a niche market. Where once the mark of musical sophistication was huge speakers and a stack of components, now it’s an iPod and bookmarked file-sharing sites on a PC.”