Global digital-music sales nearly doubled in 2006
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Global digital-music sales almost doubled in 2006 to around $2 billion, or 10 percent of all sales, but have not reached the industry’s “holy grail” of offsetting the fall in CD sales, a trade organization said.
In its 2007 Digital Music Report, the International Federation of the Phonographic Industry (IFPI) said on Wednesday it expected digital sales to account for a quarter of all sales worldwide by 2010. The report said consumers last year downloaded 795 million tracks legally, up 89 percent on 2005, from almost 500 online music services available in 40 countries.
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