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Article: But iPod can't stop the beat at music stores.(Media & Technology)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 24, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. 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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News that sales of Apple Computer Inc.'s iPod topped 4.5 million in the final three months of 2004--and that its iTunes music store had digitally delivered more than 200 million songs--looked to be the long-awaited confirmation that conventional record retailing was finally on its way out.
It's not. Industry tracking firm Nielsen SoundScan reported last year that retail sales of compact discs made up 98 percent of all album sales. The difference is that unlike two or three decades ago, much of the brick-and-mortar activity involves big-box giants like Wal-Mart Stores Inc., Target Corp., and Best Buy Co., which use their massive buying power to sell CDs at low ...