Hi-fi boss slams ‘rip-off’ industry

From the archives:

James Rivington writes: Most hi-fi systems on sale worldwide are so heavily marked up that the majority of customers are being scandalously ripped off. That's what AVI hi-fi chief Ashley James said in an interview conducted with Tech.co.uk last Friday at the Bristol Sound & Vision Show .

He also said that companies are selling inferior products for extortionate prices, and that the magazine industry is supplying unhelpful and inaccurate reviews which allow the hi-fi manufacturers to get away with it.

"I'm not going to mention the name of a company which sells an AV processor for several thousand quid. You boys with computers will know perfectly well that if you want Dolby 5.1 you can get a PC card for £7.50 with the same chipset in it," he said.

"We had a customer who came to see us last week, [who paid] £4,000 for a power supply from this company, but it hummed like buggery and it drove him up the wall so he took the lid off of it. And what was in it? One transformer, two capacitors and a regulator! Forty quid's worth of bits in a box that cost £4,000."

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