Global Numbers: People Are Buying More Downloads, Less CDs
By: Spacelab Research Staff
The numbers are out for music sales in the first half of 2006, and it shows that digital sales are up and CD sales are down.
The IFPI, better known as the The International Federation of the Phonographic Industry, said that the explosion of online services has helped that to happen.
"The explosion in digital music services, spurred by consumer demand and a widening array of delivery channels, has seen online and mobile music sales grow from $134 million in the first half of 2004 to $945 in the first half of 2006," said the IFPI.
Here's the info - digital download sales rose from 5.5% of all sales at the end of 2005 to 11%. That means a total of $945 million. CD sales are down 10%, and even with the download explosion, overall global music sales are down 4%.
Other interesting numbers:
• Mobile downloads doubled from 3% to 6%.
• Ringtone downloads amounted to 32% of all digital sales
• Full album purchases amounted to 15% of all digital sales
• Single downloads amounted to 32% of all digital sales