Retail sales of CDs were down in 2005, but music downloads doubled
Although U.S. album sales were down about 7% (according to AP), the exploding market for music downloads
helped heal some of the damage. Album sales from January through
last week stood at 602 million, which is down from 651 million for the
same time period last year. Downloaded songs soared from 134
million to 333 million, an amazing increase of 148%. Although the
Record Industry Association of America (RIAA) will gain from people
using services such as iTunes to download music files, music retailers
may be in dire trouble in the next several years.
"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins
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