Gun king AK47 is going out of business, why?

At present, there are too many high-tech sophisticated weapons, which occupy the AK market. But what is certain is that AK still dominates in some fields. Hey, the "Gun King" AK-47 is 62 years old this year, and Izmarsh Company, which is about to go bankrupt, has stopped all production lines of AK-47. The reason for the suspension of production is that the company is short of money, and even employees can't afford to pay their salaries and pay their debts. Song Xiaojun, a famous military commentator, said that because of its simple structure and convenient processing, although the ак-47 seems to have a high market share, Russia actually earns very little money. Song Xiaojun believes that Izmash, which has always been regarded as the pride of Russian defense industry, is now on the verge of bankruptcy. Another important reason is that after the disintegration of the Soviet Union, the transformation of military enterprises was not timely and successful.