The two words that helps to find the meaning of the word antiquated in this passage is Old-fashioned and junk.
It claims that the record player was outdated and that the parts he needed to repair it were either obsolete, unavailable, or prohibitively expensive. When you put the context clues together, you will see that Jared could not get it to work because the recorder player was too old. The majority of items in the trash are no longer functional.
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