Sep 05

A Few More Thoughts On Ye Old Record Industry

Apple hosted a special event today, and beyond the new iPods and iPhone announcements, Steve Jobs offered up a few stats about their iTunes store that really echo my comments in yesterday’s post

  • 600 million copies of iTunes distributed.
  • Over 3 billion songs bought on iTunes.
  • iTunes is the number one online music store in all 21 countries Apple operates in.
  • Started with just 200k songs, but now has over 6m songs in every single one of those stores. Millions ahead of anyone else.
  • iTunes is now the number 3 music retailer in the US —behind Wal-Mart and Best Buy, ahead of Amazon and Target.
  • For 2006, 32% of all the music released in the US were digital-only releases. A THIRD of the music released was digital only.

Funny, we don’t hear much from Napster and their music subscription services these days… I wonder why.

This entry was posted on September 05th, 2007 and is filed under Apple, Music. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.

 
« Yes, The Record Industry Is Dead. Move On Already.
Oh, NBC… when will you learn? »