iTunes is On the Way Out?
Tuesday, December 12, 2006
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Is it just a bad second half of the year, or is iTunes run over? According to Blomberg, sales are declining. The news comes as I just opened up a delightful $25 gift card to grab new songs this Christmas. Interesting!
Apple Computer Inc.'s iTunes music store suffered a 65 percent slump in sales during the first six months of the year, reversing almost two years of gains, according to a Forrester Research Inc. report.JGThe number of iTunes transactions declined 58 percent between January and June of this year, while transaction size fell 17 percent, the Cambridge, Massachusetts-based market- research firm said today. ITunes spokesman Tom Neumayr said the report is ``simply incorrect.''
``ITunes won't save the music business, or Apple,'' analyst Josh Bernoff wrote in the report.
posted by Unknown @ 9:42 PM |
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2 Comments:
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At 12/12/2006,
Brent said...
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I read an article on Engadget that sighted the same stats, but it claimed that the downswing can be found across the industry as a whole, not just iTunes. The entire music industry is on a decline. What can you expect when the top artists are Fergie and Taylor Hicks? Come on people!
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At 12/12/2006,
said...
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Was that one of the cards you kept from the Chirstmas Party? Perks for hosting.
Jim
