updated 11:55 pm EST, Fri November 14, 2003
\'Net music sales struggle
As paid music sites from Rhapsody to Napster reinvent themselves in time for the holidays, , reports CBS MarketWatch. "The music industry's failure at selling its products online and the continued availability of songs through illegal file-sharing have led analysts to cut projected sales of online music in 2006 to $1.4 billion -- a quarter of their estimate two years ago." Even the biggest success in online-music sales -- Apple's ITunes -- is "basically a loss leader meant to drive sales of IPod portable music players," the article says, to paraphrase Apple Chief Executive Steve Jobs.