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Rumour has it that Onkyo is going out of business. Sony might also close AVR business.


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2020 is proving to be a disaster for so many companies. The audio industry is also taking a beating.

Audioholics put out a video on Onkyo going out of business and Sony might also pull the plug on the AVR business.

 

What a pity. I thought Onkyo receivers are pretty good. Wonder if it affects Pioneer or not.

Without them, think D&M will rule the general consumer AVR business, with Yamaha hanging around. 

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When multiple companies have looked at a take over of Onkyo Corporation, and walked away, the writing is on the wall.

Pioneer has continued to split its divisions and distribution, and slowly dwindled more and more. They stopped innovating a long time ago, and they were held up by the DJ division for a long time. 

 

Matter of time. 

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sadly the last flagship onkyo was launched way back in 2016 (tx-rz3100)... only in the europe market, onkyo launched the tx-rz3400 in Sep 2019... other than that, no news or updates on any new flagship recievers. very dissapointed in how onkyo has dwindled in the ht market...

Edited by CASH
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at last!!!! but no announcement of the flagship model... need to replace my aging but still going on strong flagship of 5 years ago, tx-rz3100.

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more updates (link taken from other forum)

 

https://www.avcesar.com/actu/id-32802/ces-21-onkyo-tx-nr5100-tx-nr6100-tx-nr7100-et-tx-rz50-8k-hdmi-21-40-gbps.html

 

Also, price and date has been updated in the original first post link URL of the news in cnet

 

https://www.cnet.com/news/onkyo-and-pioneers-2021-receivers-back-in-black-with-8k-video/

 

 

Edited by Gondon72
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