Global music revenue fell 3 percent to $21 billion in 2005, with digital failing to make up for the dying CD format.
“Digital music sales nearly tripled to $1.1 billion from $400 million the year before, split evenly between online services and mobile phone downloads, the International Federation of the Phonographic Industry (IFPI) said in a report on Friday.”
Well, digital downloads nearly tripled. In Japan, digital is already making up for the decline of CDs, something that the States will start to do once everyone has a ‘Pod of one kind or another.
In other words, it’s Steve Jobs’ tune; we just hum along with it.