Does HiFi still exist?

I'm curious, has the world of HiFi audio truly vanished from the market? With the rise of digital streaming and wireless headphones, it seems like the traditional HiFi experience has taken a backseat. But are there still audiophiles out there who cherish the warmth and clarity of a well-tuned HiFi system? Are there still manufacturers producing high-end audio equipment that caters to this niche market? Or has the industry shifted so drastically that HiFi has become a relic of the past? I'd love to hear your thoughts on the current state of HiFi audio and whether it still holds a place in the modern world of music consumption.