IGN All: iTunes Majority of Digital Music Sales in 2012

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iTunes Majority of Digital Music Sales in 2012 Feb 27th 2013, 19:38 Although it's getting healthy competition from music-industry approved apps like Rdio, Spotify and Pandora, iTunes still controls a huge portion of digital music download revenues. CultofMac reports today that the iTunes Store accounted for approximately 60% of digital music downloads in 2012, and nearly 20% of overall global music revenues. The music industry saw an increase of record sales and a decrease in piracy, and total revenues for 2012 hit $16.5 billion worldwide . The world of digital downloads saw a decent share of that revenue, bringing in $5.6 billion across all online sources. Of that total revenue, CultofMac notes that Apple paid $3.4 billion to the record labels for the year's iTunes sales — quick math shows that the payment puts the company at the top of the heap for overall digital downloads. Continue reading… Media files: iTunesPlatforms.jpg (image/jpeg)

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