I still remember the first CDs I purchased. Sinead O'Connor "I Do Not Want...." and Iggy Pop "Lust for Live". A friend of mine was a manager at a Musicland at a local mall, and I was able to use his discount. I remember that even around 1990, cd players were still fairly expensive and I ended up getting mine at a Sears Outlet store ("dings and dents", so discounted to my price range).
Now fast forward 30 years, and I listen to my vinyl as much or more than my CDs. I'm glad I kept all my albums from back in the day, because I still like listening to them (Pixies, Joy Division, Bauhaus etc.). Somehow, I never got around to replacing them on CD.
All that being said, I don't anticipate getting rid of my CDs any time in the near future. They're still so convenient. And as others have pointed out, you can get them now at giveaway prices. Plus, it's way easier to find something that interests me on CD than what's offered in the record section at thrifts. Seems like you gotta look through hundreds of LPs by Jim Nabors, Enoch Light, Firestone Christmas etc. to find just a single album that is either good or at least looks promising
Final note: I work at a public library, and I'm responsible for the adult a/v collection (meaning I purchase movies, music etc.). Our circulation of CDs have decreased precipitously over the past several years, not coincidentally at the same time as the increase in music streaming. So much so, that we may have to take it into consideration in future budget allocations (my CD budget is already just a quarter of what it was a few years ago). Meanwhile, some of the libraries in our consortia are beginning to purchase.....record albums!