CDs are dying, because they've fallen into the dreaded fidelity belly.
You heard the man.
Maybe a picture would help?
Isn't that better?
LPs beat them on quality and digital recordings beat them on convenience so, so long to "perfect sound forever".
I don't think this is right.
CDs killed off Vinyl as a mass market product and MP3 players then killed off CDs. All because of convenience.
Vinyl has made a resurgence among hipsters, youth, hard-core audiophiles, and folks who want to roll the perfect blunt, but it is very much a niche product and will remain one.
By the way, if you have a hipster, youth, or blunt roller on your shopping list, the NY Times has some advice for you.