If any confirmation was needed for the popularity of digital music, it was reached yesterday when Apple’s popular iTunes music store reached a 5 billion song milestone. That adds up to $4.95 billion in digital revenues over a five year period.
That said, people are still buying CDs. According to shipment statistics from the recording industry, CD sales alone over the same period amounted to nearly $49 billion with $7.4 billion coming in 2007 alone. As iTunes represents 70% of the legal download market, this means digital still only represents about 15% of music sales overall. (Yes, we looked it up)
Have you made the shift to digital yet? Are you planning to?
Source If any confirmation was needed for the popularity of digital music, it was reached yesterday when Apple’s popular iTunes music store reached a 5 billion song milestone. That adds up to $4.95 billion in digital revenues over a five year period.
That said, people are still buying CDs. According to shipment statistics from the recording industry, CD sales alone over the same period amounted to nearly $49 billion with $7.4 billion coming in 2007 alone. As iTunes represents 70% of the legal download market, this means digital still only represents about 15% of music sales overall. (Yes, we looked it up)
Have you made the shift to digital yet? Are you planning to?
Source