|iTunes now accounts for 66.2% of the online music market, up a full 3% from earlier this year. iTunes has long been the music purchasing service of choice, but over the past few years, alternative services have attempted to take a slice of their market share. Amazon, the second most used service, has a meager 13.3% market share (up from 11%). Their strategy is offering lower (and more consistently) priced music, including $3.99 “daily deal” albums—which Amazon actually loses money on.|
|While online album sales have grown by 13% this past year, physical CD sales have shrunk by 20%, so the music industry as a whole is on a decline. Streaming media services such as Last.fm, Pandora, or Spotify could account for the missing 7%.|
If you say anything about piracy Chunky gon' get you!