Vinyl & Turntables Keep on Spinning
According to The Consumer Technology Association turntable sales will hit $194 million in 2016, up from just $19 million 11 years ago.
At specialist retailers across Australia sales are booming with both distributors and retailers reaping the rewards.
According to Sydney based retailer Len Wallis demand for vinyl and record players is “the highest it has been in years”.
Even big brands are getting in the act; Panasonic is resurrecting its legendary Technics record player after taking it off shelves in 2010.
Leading the resurgence are digital age millennials like 24-year-old Alex Reynolds, who bought his first turntable a few months ago. “I think it was the cool factor and nostalgia,” Reynolds said.
High-end turntables can sell for $4,000 and even higher. “I don’t think it’ll ever go away again like it did in the early ’90s with digital,” said one Melbourne dealer. Like Wallis retailers are counting on people to keep spinning vinyl for generations to come.