It’s hard to believe but iTunes first opened their digital doors back in 2003. The digital revolution may have killed album sales as a whole, but digital sales have flourished, until now that is.
As reported by Billboard; In 2013, sales of individual digital tracks declined 5.7% from 1.34 billion units to 1.26 billion units, while digital album sales fell to 117.6 million units from 117.7 million units in 2012. The report notes that industry executives have cited music streaming services for the regression in digital music sales.
Music streaming providers have been gaining in popularity as of late, major services such as Pandora, Spotify, and Rdio. Apple is also rumored to be expanding iTunes Radio service over the year.
Overall, album sales as a whole declined 8.4% in 2013, dropping to 289.4 units from nearly 316 units in 2012, with physical CD sales declining 14.5% to 165.4 million units from 193.4 million units in the prior year. iTunes also saw its market share rise to account for 40.6% of total U.S. album sales. Robin Thicke and Beyonce may have been having a hell of a year but the industry overall, not so much.
[via Mac Rumors]