It’s A Digital World
It is no surprise that the overall market for entertainment and information is steadily going digital - one only has to look at the current medium of piracy to get an idea. No doubt most music, movies and perhaps even printed words will be sent as bits over the Internet instead of in bulky boxes.
As this article in the New York Times states, more than half of Amazon’s $15 billion in sales last year came from CDs, DVDs and books, and in a final blow, Apple proclaimed that its iTunes store had surpassed Wal-Mart Stores to become the No. 1 source of music sales in the United States. Amazon, which still sells mostly CDs, was the No. 3 seller last year but has since lost market share and is now tied with Target for fourth place. Best Buy is No. 3.
Filed under: Business