Have people simply downloaded too much music? Figures released today might just indicate that (or at least its one possible suggestion) as Reuters reports that Apple’s monthly iTunes revenue dropped by 65% overall since January of this year. Interestingly enough, digital music purchases accounted for only 4% of music transactions in the US for the year. Given that Apple have shipped out over 1.5bn tracks since launching their iTunes stores as well as being the leader in terms of web music sales, that still leaves a whole lot of people who’ll be getting CDs for Christmas.
Wouldn’t mind seeing figures for Irish digital music downloads, especially now that O2 are launching Napster Mobile.
Though in fairness, I do love getting a CD for Christmas 🙂