News
Forbes: CD sales turn up; new digital players key
By Dennis Lloyd
Publisher, iLounge
Published: Tuesday, November 18, 2003
News Category: Digital Media
“Analysts estimate consumers will spend over $1 billion on portable players this season, while fourth-quarter CD sales should top $3 billion. In fact, after gains in recent weeks, the quarter’s CD sales look poised to top the 221 million units sold last year, said Geoff Mayfield, director of charts for Billboard Magazine.”
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1
“The record industry sued the original MP3 player’s maker, Diamond Multimedia, in a bid to stem the growing tide of file-sharing, but lost the case. More manufacturers jumped in the market with MP3 devices offering more storage”
This was in the article but bears repeating. Apple is too in bed with the RIAA to even contemplate doing anything differently. The iPod is not revolution, not even innovation, but simple pricey commodification.
It was Diamond/Rio who first showed us the way past CDs.
Posted by HistoryRepeating on November 18, 2003 at 10:09 AM (PDT)
2
Watch out for spin. “A bruising 3 year slump” in CD sales—right. What we are talking about is a minor dip in the increase of profits. They are still making more money ever year than they did in prior years. This “bruising” dip they are referring to is merely a slight slow-down in how fast profits increase.
Posted by SlumpBruiser on November 18, 2003 at 11:24 AM (PDT)
3
a few labels have dropped the prices of CDs… If sales goes up, what does that say?!
It’s not file sharring or mp3s that are killing the industry… it’s the pricing structure.
Posted by digitaltrapper on November 18, 2003 at 2:13 PM (PDT)
4
I have to agree with digitaltrapper, it’s definitely because the reduced pricing on CDs (at certain places), nothing to do with MP3 trading dying - as majority of ppl don’t use the net to obtain music and those who do are not going to give up so easily when it’s free.
Posted by cheap CDS on November 18, 2003 at 5:59 PM (PDT)