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Article: Booming Market for MP3 Players According to IDC's Latest Forecast.
- Article from:
- Business Wire
- Article date:
- September 21, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRAMINGHAM, Mass. -- Compressed audio players - also known as MP3 players - are available in portable, home and automotive form factors and from major and minor consumer electronics manufacturers and PC vendors. Broad consumer acceptance of MP3 players is being driven by a variety of factors, including falling price points, the availability of music from legitimate online music services, and the integration of compressed audio support in a wide variety of digital devices, including DVD players and gaming devices. The worldwide compressed audio player market is booming, and is expected to reach nearly $58 billion in revenues by 2008, representing a five-year compound annual ...