Sometimes I wonder if City analysts ever leave their offices and walk around in the real world, talking to ordinary people. Then it would not have come as a surprise to some of them that sales in retail music stores are suffering.
Too many stores have removed all their stocks of LPs in favour of compact discs. Yet two-thirds of households in Britain do not yet own a CD-player. I could understand stores getting rid of LPs if they also sold CD-players and so could boost profits from such sales but most shops selling CDs do not sell the players.
Even some people (like me) who have CD players still prefer LPs, not only due to lower costs but also a difference in sound. Whatever anyone may say about CD sound quality, I can still tell the difference and prefer a more 'rounded' LP sound. Perhaps this is because the maximum recorded frequency of a CD is 22kHz, whereas LPs have a range of up to 30Hz.