the Gibson guitar business is profitable. they also make good guitars. the 70s and 80s were a dark, dark time for Gibson ..those pancake bodies have some defenders but honestly if you covet a 70s or 80s Gibson over a new one then you're crazy..its like wanting a CBS strat over a current CS one. they're garbage and the whole reason the vintage market even exists
after inflation a les paul standard is cheaper than ever + they do some $400, $500ish american made guitars. cheaper than a MIM strat.
the guitar biz is fine just they diversified too much and too stupidly.
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