Digital music sales 'to nearly equal CDs next year'
August 18, 2009
Customers at a cafe download music onto their iPods. Compact discs accounted for 65 percent of US music sales in the first half of 2009 but digital downloads are expected to nearly equal CD sales by the end of next year, market research firm NPD Group said Tuesday.
Compact discs accounted for 65 percent of US music sales in the first half of 2009 but digital downloads are expected to nearly equal CD sales by the end of next year, market research firm NPD Group said Tuesday.
"Many people are surprised that the CD is still the dominant music delivery format, given the attention to digital music and the shrinking retail footprint for physical products," said Russ Crupnick, NPD vice president of entertainment industry analysis.
"But with digital music sales growing at 15 to 20 percent, and CDs falling by an equal proportion, digital music sales will nearly equal CD sales by the end of 2010."
Paid digital music downloads accounted for 35 percent of all music sales in the first six months of the year, up from 20 percent in 2007 and 30 percent last year.
According to NPD, Apple's iTunes accounts for 25 percent of all music units sold, up from 14 percent in 2007 and 21 percent in 2008.
Walmart, the world's largest retailer, was next accounting for 14 percent of music volume sold, followed by Best Buy.
"The growth of legal digital music downloads, and Apple's success in holding that market, has increased iTunes's overall strength in the retail music category," said Crupnick. "But the importance of the big box retailers shouldn't be dismissed, as long as the majority of music consumers continue to buy CDs."
Consumer downloads from iTunes comprised 69 percent of the digital music market in the first half of the year, NPD said, followed by AmazonMP3 at eight percent.
Walmart was the top-seller of CDs with a 20 percent share of the physical music market, followed by Best Buy at 16 percent and Target and Amazon at 10 percent each.
(c) 2009 AFP
-
Digital music sales triple
Oct 04, 2005 |
not rated yet |
0
-
Napster and iTunes top music brands
Dec 17, 2005 |
not rated yet |
0
-
Briefs: Samsung's digital-music hopes remain high
Nov 04, 2005 |
not rated yet |
0
-
Consumers Not Receptive to Music Subscriptions
Feb 11, 2005 |
not rated yet |
0
-
Apple's restriction-free music downloads create pause
Feb 11, 2009 |
not rated yet |
0
-
Engineers build first sub-10-nm carbon nanotube transistor
Feb 01, 2012 |
4.9 / 5 (31) |
30
-
Something old, something new: Evolution and the structural divergence of duplicate genes
Jan 31, 2012 |
4.6 / 5 (7) |
1
-
The hidden nanoworld of ice crystals: Revealing the dynamic behavior of quasi-liquid layers
Jan 30, 2012 |
5 / 5 (3) |
1
-
Stock market network reveals investor clustering
Jan 27, 2012 |
3.9 / 5 (23) |
8
-
Of microchemistry and molecules: Electronic microfluidic device synthesizes biocompatible probes
Jan 26, 2012 |
5 / 5 (1) |
0
-
Help with thermal stress please
1 hour ago
-
Calling function with no input argument
6 hours ago
-
Force free body diagram problem on gym equipment
6 hours ago
-
Empirical data regarding shower heads and water
14 hours ago
-
feed hold button on CNC lathe
Feb 09, 2012
-
RFAC in Fortran
Feb 09, 2012
- More from Physics Forums - General Engineering
More news stories
CIA website offline, Anonymous takes credit
The website of the Central Intelligence Agency was unresponsive on Friday after the hacker group Anonymous claimed to have knocked it offline.
56 minutes ago |
5 / 5 (1) |
6
New error-correcting codes guarantee the fastest possible rate of data transmission
Error-correcting codes are one of the triumphs of the digital age. Theyre a way of encoding information so that it can be transmitted across a communication channel such as an optical fiber o ...
Technology / Computer Sciences
9 hours ago |
5 / 5 (3) |
5
|
Small modular reactor design could be a 'SUPERSTAR'
(PhysOrg.com) -- Though most of today's nuclear reactors are cooled by water, we've long known that there are alternatives; in fact, the world's first nuclear-powered electricity in 1951 came from a reactor ...
Technology / Energy & Green Tech
8 hours ago |
4.2 / 5 (10) |
18
|
Advanced power-grid model finds low-cost, low-carbon future in West
(PhysOrg.com) -- The least expensive way for the Western U.S. to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other ...
Technology / Energy & Green Tech
8 hours ago |
3.7 / 5 (3) |
7
|
New power source discovered
(PhysOrg.com) -- Researchers at the Massachusetts Institute of Technology (MIT) and RMIT University have made a breakthrough in energy storage and power generation.
Technology / Energy & Green Tech
8 hours ago |
4.9 / 5 (11) |
3
|
Complex wiring of the nervous system may rely on a just a handful of genes and proteins
Researchers at the Salk Institute have discovered a startling feature of early brain development that helps to explain how complex neuron wiring patterns are programmed using just a handful of critical genes. ...
Q&A: Obama and the birth control controversy
(AP) -- What birth control debate? A half-century after the introduction of the pill, acceptance of birth control by American women is virtually universal.
The power of estrogen -- male snakes attract other males
A new study has shown that boosting the estrogen levels of male garter snakes causes them to secrete the same pheromones that females use to attract suitors, and turned the males into just about the sexiest ...
Humans may have helped the decline of African rainforests 3000 years ago
(PhysOrg.com) -- Large areas of rainforests in Central Africa mysteriously disappeared over three thousand years ago, to be replaced by savannas. The prevailing theory has been that the cause was a change ...
Both maternal and paternal age linked to autism
Older maternal and paternal age are jointly associated with having a child with autism, according to a recently published study led by researchers at The University of Texas Health Science Center at Houston (UTHealth).
Curry spice component may help slow prostate tumor growth
Curcumin, an active component of the Indian curry spice turmeric, may help slow down tumor growth in castration-resistant prostate cancer patients on androgen deprivation therapy (ADT), a study from researchers ...