When the digital age hit, turntables took a back seat to compact disc players. Later, MP3 players and smartphones hit the scene. But the comeback of vinyl records has led to a renaissance for record players.
Mat Weisfeld runs VPI, a high-end turntable business his father started in 1978. Sales were sagging a few years ago, Weisfeld told CBS News’ Kenneth Craig, but today things have turned around — and sales are booming. “I’d say it’s easily doubled if not more,” Weisfeld said.
The Consumer Technology Association predicts turntable sales will hit $194 million in 2016, up from just $19 million 11 years ago.