I think the model where manufacturers bring out a new model of club every 6 months, with fantastic claims about bigger sweet spots, higher MOI's, hotter faces, more distance, new materials, etc, etc, is the problem for the golf industry. Even the most gullible punters have become cynical about the supposed marginal gains in performance and have stopped buying new clubs, unless their old ones are lost, stolen or totally worn out, not helped by a squeeze on middle class incomes. 
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