Twice.com reports that according to consumer and retail market research firm NPD Group, in the last 10 months major segments of the audio industry have experienced a significant hit because of the state of the economy.
The report continues by saying that the MP3 speaker/docking station category was the only major product category that posted an increase in sales. Unit sales through October rose 14 percent at the retail level; dollar sales rose 2 percent to $302.2 million.
The report goes on to say that the sales of A/V receivers fell 8 percent while dollar sales fell 6 percent. Loudspeaker sales fell 17 percent while dollar sales slipped by 16 percent.
The release adds that sales of HTiB systems fell 16 percent; dollar sales fell by 10 percent. The release notes that just 1 percent of the HTiB systems sold during the 10-month period included Blu-ray players. Two percent of HTiB systems were soundbar systems. Additionally, the NPD found that 29 percent of HTiBs included iPod docks.