I dunno.

Fender USA and Squier Jaguars and lots of pedals are for ppl in original bands.

But the money is in Custom Shop Gibson, Fender and PRS, which are for ppl in the older generations playing mostly in 70s cover bands, or just hanging it in the wall to occasionally play Smoke on the Water. TheGearPage has become a very influential force in the industry almost like HN has.

Okay, that's a point - there's less money in the Squier Jaguars even if they sell more of them. I know I personally can't decide on a Squier Jaguar or Vintera, when I know what I really wanted is a Fender Cobain Jaguar. There's more money in the doctors & lawyers accumulating expensive gear that they rarely ever get to play.

That said - the few people I know in the "rich kid buying gear" segment are deep into AI, and wouldn't blink twice at using it to generate music for their events. Much of their audience wouldn't necessarily care. The equipment they have is more to show off "here is this expensive thing you can't afford, I have it, I don't even use it".

So maybe there's lots of diverse markets and I really don't know how it will play out :)