Apple’s iTunes Set the Standard in the Music Industry, but Digital Sales Slow, Business and Industry Trends Analysis

The sale of downloadable music via the internet and smartphones has grown into an immense business, but it is facing daunting competition from internet-based music services like Pandora and Spotify, as well as from satellite-based radio service SiriusXM which acquired Pandora in 2019.  Nielsen reported that total album-equivalent consumption (which includes album, Track-Equivalent Albums (TEA) and on-demand audio/video Streaming Equivalent Albums (SEA)) sold in the U.S. declined from 360.1.1 million units during the second quarter of 2018 to 351.6 million in the second quarter of 2019. However, total digital album-equivalent consumption increased 12.9% to 333.3 million units.  On a global…

A Representative List of Organizations that Have Used our Research and Products: