📺 Stream EntrepreneurTV for Free 📺

Sony Is Bringing Back the Walkman (Again) Interested? That will be $1,119.99.

By Laura Entis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In the fall, Sony released a $300 Walkman.

Now, at the CES conference in Las Vegas, the electronics company revealed a new version of the classic '90s era music player, this time with a whopping $1,100-plus price tag.

You may be wondering who would shell out that much money for a Walkman in an age where everyone's smartphone doubles as a music player. Sony is betting that audiophiles will.

Related: Vinyl Records Are Having a Moment

Here's Jeff Hiatt, part of Sony's audio team, on how the new Walkman (called the Walkman ZX2) differentiates itself from other music players:

"It comes down to quality," he told podcaster Shannon Morse. "Up until now, people have been sacrificing quality for that convenience…Now you have an opportunity to really bring that quality up to a level that's as if the artist intended it. When they are mixing something in the studio, you are getting that experience as close as possible to the original."

While the price tag is pretty shocking ($1,119.99), there does seem to be a real desire from consumers for high-quality music players: Hiatt cites the rise of LP sales as an indication people are looking for music experiences beyond their smartphones, and Neil Young's high-definition Pono music player was the most backed campaign on Kickstarter in 2014.

Related: You Can Invest in Neil Young's Company, PonoMusic, for as Little as $5,000

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Employers Say They Want to Hire Candidates With AI Skills, But Employees Are Still Sneaking AI Tool Use in the Office

A new joint report from LinkedIn and its parent company Microsoft revealed the contradictory state of AI at work.

Leadership

This Is How Your Organization Can Execute Despite Uncontrollable Circumstances

Your team will need to work outside its job description - but within its circle of influence.

Thought Leaders

Building an Agile Remote Team Is No Easy Feat — But It's About to Get a Whole Lot Easier Thanks to This Transformative Tool.

The virtual reality of the metaverse promises to put a radical new spin on returning to the office.

Business News

Bankrupt Crypto Firm FTX Is Going to Pay Customers Back in Full — Plus Interest

A majority of customers would get at least 118% of their money back under a proposed plan, as the company now has up to $16.3 billion in cash to use.