updated 03:40 pm EDT, Mon July 26, 2004
Jupiter: digital music
revealed in its latest music forecast presented today at the Jupiter Plug.IN Conference & Expo 2004 that digital music sales will more than double compared to last year, reaching more than $270 million in 2004, and will grow rapidly to $1.7 billion in 2009, totaling 12% of consumer music spending. Meanwhile, U.S. shipments of MP3 players will grow over 50% in 2004 to well over 5 million, and will continue to grow almost 50% per year for the next several years. "A lot of the action in hard drive-based devices will be at the low end in terms of price and capacity that will help drive the market [...] JupiterResearch surveys show that 77% of consumers who would purchase a portable music player would want no more than 1,000 songs on a player at any given time, regardless of the size of their music collection."