CD: the new cassette

June 28, 2007

and the fact that half the people that want music…download it illegally
clipped from www.audioholics.com

Is the CD Becoming Obsolete?

Glancing at a report on Forbes.com this morning, there was an article showing that CD sales are expected to be down 20% 2008 (slightly higher than the 15% drop initially predicted). Why such a drop? Well, there has been a recorded drop of 18% so far in 2007 and the trend seems to be steady and indicative of future trending.

Compare this with new information released by Apple on Friday stating that iTunes is now the third largest music retailer in the country – this according to stats from the first quarter of 2007. iTunes has 9.8% of the retail music marketshare with Wal-mart taking 15.8% and Best Buy 13.8%. That’s a LOT of music sales.

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