MusicRadar / Total Guitar headlines its article with a quote from Eric Clapton: “Maybe the guitar is over”.

However, beneath the slightly unfair quote, it reports:

“The WP article quotes data gathered by Music Trades magazine that indicates a 19% (approx.) fall in revenue at Fender, from $675 million to $545 million, with Gibson down by a similar percentage, from $2.1 billion to $1.7 billion, across a three year period. It also paints a somewhat grim picture elsewhere in the industry, reporting Guitar Center is in debt to the tune of $1.6 billion.”

Photo by Austin Prock on Unsplash