Wednesday, August 19, 2009
iTunes controls 25% of U.S. music sales
Apple now controls a full quarter of all music sales in the U.S., a report has revealed. The iTunes store is the driving force behind a dramatic increase in digital music sales - this year 35% of music sold in the U.S. was digital, up from 20% just 2 years ago. The full article mentions that in the U.K. only 8% of albums are sold in digital form. This is a bit misleading. While CD's might be the preferred format for full albums, single-song digital sales are quite strong. The article also notes a rumored Apple announcement to accompany the digital release of the Beatles' catalog, an event that many analysts predict will be one of the biggest boons yet for digital music sales. Stay tuned!
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