You're both right, Sky and Steve; there will always be room for collectors. One thing that I do note is that the fidelity decreases with each new format. The cassette tape and compact disc were both of lower fidelity than the LP due to the material used in the case of the former, and the method of digital production used in the latter. The MP3 is, typically, of even less fidelity than the CD, so it's popularity is really a case of convenience over quality. You can push a button and get a recording instantly; no way that a physical disc was going to compete with that.
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