Welcome!

Wearables Authors: Pat Romanski, Liz McMillan, Yeshim Deniz, Jnan Dash, Roger Strukhoff

News Feed Item

Can iTunes.com Continue Its Music Monopoly in 2010?

NEW YORK, Jan. 12 /PRNewswire/ -- On January 9th, 2001, Apple Inc. introduced iTunes to the world. In 9 years of existence, Apple's iTunes has sold over 8 billion songs, accounting for 70% of all worldwide music sales - thereby making the site the largest online music retailer.

Despite the outrageous numbers, 2009 was not a good year for music sales in general, and/or for Apple's subsidiary in particular. The iTunes online music sales have dropped steadily, specifically since the company raised prices from $0.99/song to $1.29/song leaving many to speculate that the music site may lose their global monopoly by the end of 2010 to smaller sites offering the same exact music for a fraction of the cost.

As an example of potential competition, TunesPro.com has become an increasingly popular alternative for its unusually low prices - selling individual songs for 19cents while full-albums average around $1.50 - with additional discounts and price incentives for multiple purchases.

TunesPro.com, a buy music online site, has been on a mission to compete with iTunes & Napster by providing consumers an affordable alternative by offering the same exact music for a fraction of the cost. "Why pay $1.29/song when you can download the same exact music for $0.19 cents," asks Peter Richards, a DJ working in the NY party circuit.

According to TunesPro management, "the low prices are what originally what aroused clients - but the DRM-Free content that is 'delivered on demand' allowing consumers to playback their music on all tangible formats (iPod, iPhone, Laptops) is ultimately what keeps clients returning."

Official numbers released last week by Nielsen SoundScan report indicate that the total sales for digital and physical albums in 2009 declined to 373.9 million units, a 14% reduction from the 2008 fiscal year. Overall, the numbers are less than half of what they were in 2000 -- when album sales peaked at 785.1 million units.

The media industry's "question of the year" asks if lowering prices in 2010 will ultimately increase both music sales and profits, and if so what does that mean for sites like iTunes who charge $1.29 per song against sites like TunesPro.com who sell the same exact music for $0.19?

    Contact:
    Comtex IT - Internet Research
    922 West Beverly Dr.
    Beverly Hills, California 90210
    Dr. Richard Jones - Chief Researcher
    Website: www.certifiedby.com
    Media Relations [email protected]
    Telephone: 818-475-2935

SOURCE Comtex IT

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
@CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...