Digital sales will account for 40% of music by 2012???

Interesting article I read over at techspot.com

I wonder what music label is going to be at the forefront of digital music??

Read on:

There’s no denying that sales of music over the internet are on the rise, and iTunes strong position in the market is proof of that. Now, a recent report from market research firm In-Stat says that digital sales will account for 40 percent of all music purchases worldwide by 2012.

Digital sales grew by 48 percent between 2006 and 2007, and accounted for just over $3 billion in revenue last year. Fueling this growth is the expansion of broadband, the expansion of the mobile music market, and a growing demand for single-track downloads. Of course, there are still obstacles to overcome including both piracy and the copy protection schemes that often discourage customers from either shopping at more than one store or refrains them from buying online altogether.

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2 Responses to “Digital sales will account for 40% of music by 2012???”

  1. that’s crazy, but very true.

  2. When the rumors of Hov and Steve Jobs starting a record label were floating around I thought they were going to be the start of getting rid of CD’s and just dropping everything digitally!

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