A decade of iTunes singles killed the music industry - Apr. 25, 2013 - 0 views
-
After Apple's iTunes Music Store debuted on April 28, 2003, sales of 99-cent digital singles surged. But that had a disastrous impact on overall music revenue.
-
Tunes has in many ways been a godsend to fans of digital music, it has been a source of endless frustration for the music industry.
-
Since the introduction the iTunes Music Store on April 28, 2003, music sales have plummeted in the United States -- from $11.8 billion in 2003 to $7.1 billion last year, according to the Recording Industry Association of America. When adjusted for inflation, revenue has been more than halved since Apple (AAPL) launched the iTunes Music Store.
- ...8 more annotations...