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You're of course welcome to your default audiophool opinion on B&O, but that line's really not true at all. Just one example, of dozens... Jacob Jensen's Beogram 4000:
A completely new product designed and built in Denmark, with numerous innovations such as intelligent automation and tangential tracking, requiring all-new components. Sounds excellent, looks incredible for 1972. (Yes, a Garrard 301, Technics SP10, Linn Sondek, and more flavours of turntable aren't bad either.)
Sure, B&O have also bought in components, but the likes of Naim don't make CD transports, DAC chips, transformers and so on, of course.
This recent book is pretty good on all this:
deleted
TRA
Ok, but as far as I was aware they didn't make any components themselves?