“After its first full year selling tracks from all four major labels, Amazon’s digital music store has become the second-largest a la carte service, according to industry estimates,” Billboard reports.
“But it’s a very distant second to iTunes,” Billboard reports. “Major-label sources say that they had hoped the company would have fared better than it did.”
MacDailyNews Take: Colluding to offer DRM-free tracks to every Tom, Dick, and Harry online music outfit except Apple didn’t work, did it?
Billboard continues, “Amazon has yet to release any sales figures for digital music, and it did not respond to interview requests for this story. But Piper Jaffray financial analyst Gene Munster estimates that Amazon will sell 130 million tracks this year — a paltry sum compared with the 2.4 billion songs iTunes is expected to sell in 2008.”
“Amazon’s customers are predominantly male — 64 percent, compared with 44 percent for iTunes,” Billboard reports. “The service is also stronger with older demographics: A third of Amazon buyers are 26-35, another third 36-50. Most iTunes users are younger.”
Full article here.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]