LONDON (Reuters) - Worldwide digital music sales surged threefold to $1.1 billion in 2005, the industry trade body said on Thursday, as consumers flocked to buy music for their computers, iPods and mobile phones.
ADVERTISEMENT
Revenues are split roughly 60-40 between online music services like Apple's iTunes Music Store and mobile phone revenues such as "ringtunes" that contain excerpts of songs, the International Federation of the Phonographic Industry said.
Digital music now makes up about 6 percent of the industry's total sales, up from virtually nil two years ago. However, overall revenues are still in decline, falling from $13.4 billion to $13.2 billion in the first half of the year.
SourceIs CD going to be forgotten and disappear from the world in time? Is it going to be replaced with digital music for the most part?
