Originally Posted by therealbigd
Some people continued to build hand-made equipment, but they lost their businesses, by failure to adapt
You don't know what you're talking about, and you should learn something before you open your mouth.
Microphones, tape machines, compressors, equalizers, et cetera all have their origins in broadcasting. They were developed with large R&D budgets for state-run broadcasters in Europe, and for de facto
monopolies like RCA in the U.S. The equipment was built to a very high standard of sound quality and reliability.
Many of these manufacturers (AKG, Neumann, Marshall Amplification, Neve, Urei, etc.) were bought out by larger companies, which used the prestige of their name to sell cheap mass-produced equpment at inflated prices. This equipment was aimed at hobbyists, not at professional recording engineers. The old, high-quality equipment continued to rise in price, until a number of small boutique manufacturers stepped in to fill the need, either with vintage reissues or original designs. They operate on very small profit margins and they do it mainly for the love of music.
The rise of DAW's, instead of replacing analog gear, has led to the renewed popularity of all kinds of tube-based and transformer-based gear. This will continue to be the case.
Boutique analog gear is nice if you can afford it, but even moderately priced analog gear sounds much, much better than a plug-in. It has more texture and a wider range of useful settings. Plug-ins are not "almost as good" and they are not "cost-efficient."
A DAW might seem cost-efficient at first, but you're failing to take all the factors into account, such as the fact that you can work roughly three times as fast in an analog studio, and the equipment will retain its value for decades instead of being junked in 10 years.