iTunes Store May Capture One-Quarter of Worldwide Music by 2012
iTunes Store May Capture One-Quarter of Worldwide Music by 2012
Since its debut five years ago Monday, Apple’s iTunes Store has sold more than 4 billion songs and accounts for approximately 70 percent of digital music sold worldwide. In the next five years, it may well account for a staggering 28 percent of all music sold worldwide.
By 2012, digital music is projected to account for 40 percent of music sold, according to InStat. If Apple holds onto its current market share, it will account for more than one-quarter of all music sales by its ninth birthday. Not bad for freeware.
“I’m very skeptical about whether iTunes can be unseated, because there’s not a lot of consumer pain there,” said Paul Resnikoff, editor of Digital Music News.
Digital Music News recently found that iTunes is installed on nearly 30 percent of all computers worldwide, making it the most widely installed music store application in the world.
When Apple snapped up a little music program called SoundJam MP back in 2000, no one predicted that the iTunes application it became would lead to a complete restructuring of the music industry.
Like all journeys, iTunes’ reinvention of the music business began with a single inauspicious step. The major labels agreed to license their music only to Apple because the iTunes Store ran exclusively on Macs, representing a “sandbox” in which the labels could test the fledgling online music market.
(Via Wired News.)
Comments(0)
Over at MacTips they have a
The times has a verbose 2,000 word piece about the high stakes world of high-end cellphone manufacturers (no way!), specifically centered around RIM’s
Apple has reportedly begun talks with Immersion to integrate haptic feedback into future touchscreen devices, addressing a complaint leveled against the iPhone by fans of physical buttons and keyboards.
Bootcamp 2.1 has just been released in three Windowslicious flavors:
My name is Lisa and I’m a widget junkie.
Not unlike the early colorized versions of the original Zune before it, the 