Submission + - Is the CD Becoming Obsolete? (audioholics.com)
mrnomas writes: So, what's to blame for the declining CD sales? Is it that manufacturers are putting out more and more "safe" (read: crap) music while independent musicians are releasing online? Is it because iTunes is now the third larges music retailer in the country? Or is it just that CD's are becoming obsolete?
"Glancing at a report on Forbes.com this morning, there was an article showing that CD sales are expected to be down 20% 2008 (slightly higher than the 15% drop initially predicted). Why such a drop? What's truly happening is a gradual shift away from physical media to downloadable formats. What this indicates, so far, is that US sales of digital music will be growing at an estimated rate of 28% in 2008, however physical sales will drop even further, resulting in a net overall decline."
"Glancing at a report on Forbes.com this morning, there was an article showing that CD sales are expected to be down 20% 2008 (slightly higher than the 15% drop initially predicted). Why such a drop? What's truly happening is a gradual shift away from physical media to downloadable formats. What this indicates, so far, is that US sales of digital music will be growing at an estimated rate of 28% in 2008, however physical sales will drop even further, resulting in a net overall decline."
