iTunes Still Dominating Music Market
Posted in: amazon, Apple, itunes, MP3 Digital Audio, Today's Chili
Apple still controls 66.3 of the online music market, according to new numbers from analyst firm NPD. Amazon is in second place–a distant second at 13.3 percent of the market, all of this despite an aggressive push from sites like Amazon and Walmart.com to topple iTunes’ strangle hold on the industry.
Among Amazon’s approaches are deep discounts on records, like the new album from Kayne West, which sold for $4.99 its first week–less than half of Apple’s asking price. Great for consumers, but artists seem less than enthused. The Wall Street Journal quotes the Fleet Foxes’ Twitter feed, “Been working for nine months on something that will sell for 3.99 on Amazon MP3. That’s about the price of a whoopie cushion.”
Yowtch.
Apple actually managed to increase its market share in 2010, moving up from 63.2 percent. Amazon increased as well, moving up from 11 percent.
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