A year after Apple Computer Inc. launched its iTunes Music Service,
the online music industry is selling songs by the millions
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Online Music Alters Industry Sales Tempo - Los Angeles Times - 0 views
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Customers at three of the leading online services – iTunes, Musicmatch Inc.’s Musicmatch Downloads and RealNetworks Inc.’s Rhapsody – buy about 10 times as many singles as they do albums. Offline, people buy 50 times more CDs than singles.
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Dozens of free networks emerged to let people copy songs from one another’s computers, drawing an estimated 63 million users in the U.S. alone by mid-2003.
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Analysts estimate that the services’ revenue will grow from about $65 million last year to $250 million in 2004, with $120 million or more from downloadable singles
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about 75% of the paid downloads weren’t in Billboard’s Top 200 and about 60% were “catalog,” or older, tracks.
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Top music seller's store has no door - Los Angeles Times - 0 views
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Apple Inc. has surpassed Wal-Mart to become America’s No. 1 music store, the first time that a seller of digital downloads has ever beaten the big CD retailers.
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Video game companies and other software makers are selling more of their products as downloads rather than CDs.
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It said it counted every 12 singles sold as one album, and that Apple probably received a boost during the two months by people cashing in iTunes gift cards – which Wal-Mart and other retailers also sell – received during the holiday season.
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Apple launched iTunes in 2003, creating an online business model for a music industry that was struggling with plummeting CD sales and online piracy. In addition to selling albums, iTunes offered hundreds of thousands of individual songs for 99 cents each. That was ideal for customers who wanted to buy hot singles or old favorites without buying the whole album.
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it reported $808 million in revenue for a category that includes iTunes store sales, a 27% jump from the same quarter the previous year.
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Although Apple has given the music industry a new way to sell songs, it has become so powerful that music companies have sought to help create and fortify potential iTunes rivals.
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5 Deadliest Effects of Global Warming: Global Warming Effects, Causes of Global Warming... - 0 views
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Green house gases stay can stay in the atmosphere for an amount of years ranging from decades to hundreds and thousands of years. No matter what we do, global warming is going to have some effect on Earth. Here are the 5 deadliest effects of global warming.
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As the temperature of oceans rises, so will the probability of more frequent and stronger hurricanes
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urricanes cause do billions of dollars in damage, diseases cost money to treat and control and conflicts exacerbate all of these.
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Third, temperature rises and changing landscapes in the artic circle will endanger several species of animals. Only the most adaptable will survive.
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Thought processes - 0 views
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In the absence of counter examples, all that we can do is gather evidence to support our inductive inference
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can lead to unreliability as an action preceding an event can be wrongly attributed as the cause of the event.
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people miss analogous information unless it is semantically close to the problem domain.
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Four Reasons Stock Market Hope Will Overcome Despair - Seeking Alpha - 0 views
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Interestingly enough, stock prices suggest the opposite. We haven't sold off like this since the Depression. Even during the inflation crisis of the 1970's, the most we ever sold off was 17%. Being down 40% on the year must be very scary for market bears. Everyone wants to tell you that valuations don't matter but I have a secret for you - they do. It's hard to find a stock with a p/e over 20 anymore. Apple's market cap is down to $79 billion and yet it will have $30 billion in cash on its balance sheet by year end.Apple's not the only one either. Corporate America has never been more fiscally responsible. Record amounts of cash sit on balance sheets across many different sectors. Leverage has been limited to consumers and banks.
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Outstanding credit card debt sits at $971 billion for the United States. This amounts to approximately $3,000 per person. This problem is nowhere near the problems that we were faced with earlier in the year in the financial sector. Government stimulus can easily fix the problem of consumer leverage. With a shot of confidence, the consumer will prove resilient once again.
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