Digital Music Sales Decline for First Time Since Opening of iTunes Music Store

by Techvibes NewsDesk

Digital music sales are down for the first time in a decade.

According to Nielsen SoundScan, it's the first year-over-year decline of digital music sales since Apple opened the iTunes Music Store in 2003.

Individual digital song sales fell nearly 6% in 2013, dropping from 1.34 billion units to 1.26 billion units. Digital album sales dipped 0.1% to 117.6 million units.

However, digital sales still fared better than their physical counterparts—vinyl being the suddenly-cool-again exception. CD sales declined nearly 15%, while vinyl sales rose 30%. CDs still make up 57% of all album sales, compared with digital accounting for 41%.

Fortunately for Apple, iTunes isn't hurting, regardless of the digital decline: the music store gained market share in 2013 and now accounts for 41% of all US album sales, while stores like Target, Walmart, and Best Buy saw substantial decreases in sales.

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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