Only “victrola” is older than Joes refrence. HiFi came after, Walkman came after, CD player came after, ipod came after and ALL are long gone.
Still lots of CD players in cars.
Eight-track still going stronger however.
I still use CDs (my vinyl-playing hi-fi was stolen long ago):
1. MP3s are low-to-mid-fi. They are never hi-fi. An audiophile is unlikely to be content with them. (Some purists are not even content with an SACD or DVD-Audio, but insist on vinyl.) Very few downloads I have seen are available as WAV or FLAC.
2. One does not own a download. It is in effect a lease or rental. Rights to it can be revoked; one cannot necessarily bequeath it to an heir. If one wants to OWN the music, one needs to buy the HARD copy!
I am not giving up my tangible, superior music sources.