Digital Music Sales Skyrocket

Published: 2005-10-04
Just last week Soul Shine reported that Apple head honcho Steve Jobs was blasting the record industry for wanting to raise the prices of their digital downloads from the current $0.99 calling them greedy.

Now it's been announced that the International Federation of the Phonographic Industry digital sales have tripled over the past year. No wonder record companies want to up their prices.

With iTunes and the iPod leading the way with 82% of the market, digital music sales made $790 million in the first half of 2005. The same time last year they'd made $220 million.

Buying digital singles has completely eclipsed buying CD singles, which cost much more for essentially the same product.

There is no mention on how much RIAA's suing of downloaders and or their 'cease and desist' letters to major P2P (person-to-person) websites like WinMX and LimeWare have affected these sales.

Writer: Michelle Garcia



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