Well,
Isn't Nike doing away with Golf Equipment?
What's better.. sell a dozen of golf balls for $40 or a Tiger Woods/Nike/TM/Adidas logo shirt for $40?
I say the money is in apparel and not in equipment.
Heck... what research and development is really needed for apparel?? On the other hand, golf clubs and golf balls require a serious R&D with a limited return on investment compared to other golf items.
Would I buy TW logoed Taylor Made equipment? I doubt it... But I do have tons of Nike, Adidas, Callaway.. golf apparels along with a bunch of Adidas and Footjoy golf shoes.