Ending Soon! Save 33% on All Access

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

By Laura Entis

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.

Marketing

Social Media Savvy CEOs Are the Ones Impressing Customers. Here's How to Make Yourself (and Your Brand) Memorable.

CEO impact goes beyond the boardroom. Learn how executive visibility affects your brand and why a strong leadership branding strategy is so critical to your bottom line.

Making a Change

Save Hundreds of Dollars and Learn up to 14 Languages with Daily 15-Minute Sessions on Babbel

Build expanded communication tools for international business ventures.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

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.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Business News

A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit

Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.