Thursday, June 20, 2013

Apple's iTunes digital music market share of the global 75%

According to foreign media reports, Apple Wednesday announced iTunes TV shows and music download business data, the market research firm Asymco analyst Horace Dedi Wu (Horace Dediu) after the relevant data for research findings, iTunes music revenue approximately $ 6.9 billion, accounting for the global digital music sales market share of 75%.

According to Dedi Wu said, iTunes users spent an average per person per year on music around $ 12, while iTunes has 575 million active users, so it's annual revenue reached $ 6.9 billion.

International Federation of Phonographic Industry (IFPI) said that in 2012 the global digital music market trade volume was 6.9 billion U.S. dollars, accounting for the total size of the recording industry ($ 16.5 billion) of 35%. To infer consumer spending, Billboard website assumes record companies get 60% of the retail price gains, meaning that the market value of $ 9.3 billion figure.

This means that Apple iTunes $ 6.9 billion revenue in the global digital music market ($ 9.3 billion) share of 75%, and the remaining share is allocated in the Pandora streaming music service providers such as Amazon and other retailers hands on.

Apple recently released a streaming music service iTunes Radio, the services supported by advertising links built for users directly from the iTunes store. Since the service has not been officially launched, it could have been quite popular with other similar services to compete remains to be seen.
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