In the age of I-pods and downloads, there’s still an appetite for CDs.
Stav:
September 19th, 2006
I recently found out what all the fuss was about when I received an I-pod as a gift a couple of months ago and it seems the white gadget that recently re-launched itself, now storing movies and videos, has taken millions of fellow music lovers by storm. I-pods have definitely changed the way we store and listen to music, however only a small percentage of the music stored in I-pods is actually purchased from I-tunes, Apple’s online music store. Most music originates from burning CDs and sharing of music files. This is certainly true in my case, as I haven’t visited the I-tunes store as yet. According to Jupiter Research, who carried out research on the subject, this will have profound implications for the online music market. They also claim that only 5% of music stored in the device will be bought from online music stores, the majority of which will be generated by Apple’s I-tunes music store. The report concludes that free music is still highly appreciated and sought after by music lovers. It is also predicted that appetite for buying CDs will continue in the digital age. I guess a lot of us still remain old fashioned when it comes to buying music.