Jeff wrote:
Barry Santini wrote:
People tend to fetishize or relicize older objects, imbuing them with attraction or appeal disproportionately out of sync with their "real" value
I still think B&O is nuts to produce an expensive halo speaker like the BL90, no matter how much I respect the design. I think they will wind up losing money they can ill afford to lose and it diverted money from things they should have been concentrating on, like the Moment s/w. I'd be happy to be wrong but that's how I see it right now.
I think it depends upon their business model. Yes, there will be some money locked in development of the BL90 but that will be amortised as investment and therefore adds present and future value to the company worth. It will also provide future cash flow as it sets up the next gen products whether that be a BL100 or a BP A1.
There will be some cash locked up is BL90 build and repair stock but I expect the BL90 will only build to an order. When buying mine, typical lead time is 6weeks. However, mine were effectively ready off the shelf. Once those stocks are gone, you wait (or a dealer had to wait somewhere). As of March this year only 4 pairs were ordered by customers and I was either no.4 or 5. Thus B&O will be using a "just-in-time" production model, whereas Panasonic will have to commit big-time in releasing any product.
I guess it is likE another of my favorites - Aston Martin (another cash-limited dinosaur). They are currently making a small profit working on "specials" and limited runs to finance future models. Thus it seems, the business model works making a few rapidly changing variants pays better than a long run of standard cars. Again all JIT managed from marketing, to concept, to engineering and fabrication. Large turnover is not the only model and it is one that is probably obsolete for anyone on a small scale/high value product