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On the other hand, all but the most expensive stereo receivers now omit the phono input. The list price of first-run CDs remains above $15, while used records are very inexpensive, and some are rare and sought after. Some combination systems include basic turntables with a CD and radio in retro-styled cabinets. Records also continue to be manufactured and sold today, albeit in very small quantities when compared to the disc phonograph's heyday.

Source: Wikipedia > Phonograph