According to a new report from JupiterResearch, digital music sales will more than double compared to last year, reaching more than US$270 million in 2004. The firm also said that the online music market will grow to $1.7 billion in 2009 — 12 percent of all consumer music spending.
Read MoreAccording to a new study, consumers will buy more than 10 million digital music players in 2004. Research firm Informa Media says that consumers worldwide will buy 10.8 million of the players in 2004 — from cheaper flash-memory units to players with hard drive-based storage — bringing the total installed base to 21.5 million units by the end of the year.
Read MoreThe success of the iPod poses a “happy problem” for Apple that the computer maker hasn’t had in years: how to remain the market favorite, not just the favorite underdog, reports Reuters. Apple has sold more than 3 million of its sleek iPods, taking nearly 50 percent of the market for digital music players, and its iTunes online music store claims 70 percent of all songs bought online, the article adds.
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