Apple iTunes Takes 60% Profits Of The Digital Music Market In The World

Posted on Mar 1 2013 - 8:07am by Muhammad Umer

This week the increase in sales of the music industry was announced for the first time in the last 15 years. An analysis by Asymco reported that the cornerstone of the entire market is iTunes.

In 2012 the total proceeds of the music industry was about 16.5 billion dollars. Of the total, more than 5.6 billion come from downloading tracks via digital platforms, of which 60% is occupied in a resolute way from the sale of tracks from the iTunes Store, with total revenue of more than $3.4 billion.

These data, published by Asymco, indicate a growth of 10% in relation to sales of virtual store in Cupertino, maybe a little backward in relation to the profit growth of the App Store, by more than 50%. The increase in sales has been more sustained with regard to the field of Video, with over 90% more revenue compared to 2011.

Moreover it comes to services such as Spotify and Pandora are bringing problems to traditional digital sales of music content. The statistics say that at the moment the situation is still thriving, but could change at any moment.

Via | AppAdvice

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About the Author

My name is Umer from Pakistan, I love anything to do with iPhone and iPad or iOS related so I built this blog.

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