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CD sales down, says Strategy Analytics |
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Wednesday, 06 August 2008 |
Strategy Analytics has painted another gloomy picture for 2007 CD sales in its global outlook. According to its summary, worldwide sales of CDs were down more than 13% compared with 2006, and they expect CD sales to continue to decline rapidly between 2008 and 2012.
The prediction for 2008 is for sales to be down. On the other hand, online music continues to grow quickly, with 40% growth in global revenues in 2007
compared with 2006. "We project that global online music revenues will show
a 23.9% compound annual growth rate over the 2008 to 2012 forecast period, growing from $2.4 billion in 2007 to almost $7 billion in 2012," it says.
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