« Apple blocks cheaper UK iPod sales | Main | Apple sued over iPod nano, touch connector »
April 28, 2008
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.
When Apple snapped up a little music program called SoundJam MP back in 2000, no one predicted that the iTunes application along with the iPod would lead to a complete restructuring of the music industry.
Posted by ipodworld at April 28, 2008 01:13 PM