Digital sales will account for 40% of music by 2012

By on April 11, 2008, 9:57 AM
There’s no denying that sales of music over the internet are on the rise, and iTunes strong position in the market is proof of that. Now, a recent report from market research firm In-Stat says that digital sales will account for 40 percent of all music purchases worldwide by 2012.

Digital sales grew by 48 percent between 2006 and 2007, and accounted for just over $3 billion in revenue last year. Fueling this growth is the expansion of broadband, the expansion of the mobile music market, and a growing demand for single-track downloads. Of course, there are still obstacles to overcome including both piracy and the copy protection schemes that often discourage customers from either shopping at more than one store or refrains them from buying online altogether.

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9Nails said:
Now I really wish that my car came with an iPod dock instead of its useless tape deck! I wanted to rip out the tape deck, but I've read that it's built-in to the 6-disc CD changer. What a bummer.I ended up buying an FM iPod transmitter, but soon realized that FM has a narrow frequency spectrum as compared to satellite or CD audio. So it sounds inferior, plus there's intermittent static noise. I suppose it works as a short term stop-gap, but I would like to find something more elegant yet still retain the factory controls and navigation voice-overs for my car.
windmill007 said:
Ya I really don't like cars that don't come with standard radios that you can swap out. Or at least have some type of input. Ya digital will be the way forward but I think they need to come out with different quality levels and lower the price. What they are currently offering to me id worth maybe .25 Low Quality and restrictive format. Give me VBR MP3 and it may be worth $.99. The size is about the same but the quality is way better. Everyone wants mp3's. Get rid of these other restrictive formats. They will lose in the end. No one likes to be controled.
icye said:
There are sites that offer a flat monthly fee for unlimited downloads and unless a person is a true audiophile with the best sound equipment that money can buy, then quality won't be an issue.
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