S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Digital Music Downloads Move Up 45% In 2007

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Score another one for Apple (AAPL) and its iTune service which some experts say has 70% of the digital music download market.

According to The Wall Street Journal "the number of digital tracks sold jumped 45% to 844.2 million."

The total number of albums bought on physical formats like CDs dropped from 588 million in 2006 to 500 million in 2007.

It is only a matter of time before Apple owns the entire music industry.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Paul Ausick |

Can Apple Save iTunes?

Apple recently said, “Apple leads the digital music revolution with its iPods and iTunes online store.” Had that sentence been…
Jon C. Ogg |

Apple & Google Take Fight to Music Services (AAPL, GOOG, AMZN, WMG)

The iTunes store has been a huge success for Apple Inc. (NASDAQ: AAPL). Google Inc. (NASDAQ: GOOG) has yet to…
Douglas A. McIntyre |

Justice Department Squeezes Apple

The Department of Justice is considering the extent to which Apple Inc (NASDAQ: AAPL) has a monopoly in the digital…
US 2015 Recorded Music Sales Total $7 Billion on Streaming Growth
Paul Ausick |

US 2015 Recorded Music Sales Total $7 Billion on Streaming Growth

Revenues from streaming music became the single largest component of U.S. recorded music industry sales in 2015, accounting for more…
Paul Ausick |

Music Industry Posts First Profit Since 1999

ThinkstockThe recording industry has taken a beating for more than a decade as it struggled to come up with a…
Paul Ausick |

Apple and Collapsing Music Sales

Of the $15 billion in 2013 global sales of recorded music, nearly 40% came from digital sources such as ad-supported…
Jon C. Ogg |

Can Neil Young and Pono Music Unseat Apple iPod and iTunes?

PonoMusicThe world of music seems to be always changing, but what many consumers have not heard of in a while…
Douglas A. McIntyre |

Dell (DELL) Hopes To Hunt And Kill Apple (AAPL) iPod

Dell (DELL) wants to accomplish what no other company has been able to do over the last five years. It…
Apple Music Inches Ahead of Spotify in US Subscriber Totals
Paul Ausick |

Apple Music Inches Ahead of Spotify in US Subscriber Totals

According to a music industry source, Apple Music now surpasses Spotify in the number of paid U.S. subscribers. Both have…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618