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Thinkpad (AXcess News) Reno, NV - Yesterday, AXcess News reported that Apple Computer Co. (Nasdaq: AAPL) iTunes online music store passed the 1 billion download mark. Today we learned that iTunes isn't alone in that distinction when Lake Zurich, Illinois-based digital-downloading jukebox pioneer TouchTunes Music Corporation has announced that its jukeboxes have downloaded and played more than one billion songs since the first units went online in 1998.
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Microsoft Apple Computer's downloads were taken in by 42 million consumers paying $1 a piece for songs, while TouchTunes was the virtual provider of digital music to coin-operated jukeboxes all over the country. Sixteen thousand of them to be exact compared to Apple's 42 million iPods.
Jan 28, 2005 (AXcess News) Microsoft Corp. ( MSFT) earnings were more than double the street's forecast Thursday fueled by Halo 2 sales. Earnings for the period ended Dec. 31 rose to $3.46 billion, or 32 cents a share, based compensation expenses. A year earlier, the company reported earnings of $1.55 billion, or 14 cents a share.Microsoft's second quarter results were boosted by strong sales of its server software and its popular "Halo 2" video game for its Xbox console.Sales rose 6.5 percent to $10.82 billion from $10.15 billion. A weak dollar also added two percentage points to its international sales growth, or about $253 million.Investors applauded the news, pushing Microsoft's shares up 7 cents to close Friday at $26.18. based compensation, Microsoft had forecast 28 cents a share in earnings on sales of $10.3 to $10.5 billion.
Laptop Computers John Perrachon, TouchTunes president said the billion TouchTunes jukebox plays with the 466 million legal song downloads sold by all online music stores during 2004 and 2005, based on data released by market tracking firm Nielsen Soundscan.
Nintendo Company Limited has announced that its sales for the first half of its fiscal year have unexpectedly fell due to lower sales of the Nintendo GameCube and lower sales in software in the North American market. For the six month period that ended September 30, 2005, Nintendo's revenue dropped 6.9 percent to 175 billion yen (US $1.5 billion). In May, Nintendo forecast revenue of 190 billion yen, resulting in a 15 billion yen difference.
Laptop Computer Nielsen SoundScan is an information system that tracks sales of music and music video products throughout the United States and Canada.
TouchTunes estimates that if usage continues at the present pace, patrons at bars, restaurants, and other leisure and entertainment locations will download and play as many as 450 million songs this year on its digital jukeboxes.
- Online retail sales will grow from $81 billion in 2005 to $144 billion in 2010. The Internet will influence nearly half of all retail sales in 2010 (compared to 27 percent in 2005). By 2010, 71 percent of online users will use the Internet to shop compared to 65 percent in 2005. In the words of Dan Muse of eCommerceGuide.com, “Seize the opportunity and integrate your offerings now.”
Desktop Computer The first to introduce a digital-downloading jukebox, TouchTunes dominates the online jukebox industry with an estimated 75 percent share of the market, the company says.
Notebooks According to the NPD Group, Nearly two-thirds (64 percent) of all U.S. households with Internet access had at least one digital music file on their hard drives, and more than half of that group had up to 100 digital music files. Two-thirds of all digital music file acquisition can be attributed to file sharing, and the remainder is mainly attributed to ripping tracks directly from CDs.
Lenovo TNS Intersearch reports that People who use music file-sharing services like Napster spent an average of $188 music in 2001 alone, while the average music site visitor spent only $131 that same year. On average, 43 percent of online adults and 54 percent of music filesharers order music online.
Hard Drive The International Federation of the Phonographic Industry (IFPI) reported in late January that Digital music sales worldwide in 2005 reached $1.1 billion.
Travelstar Sales of music via the internet and mobile phones proliferated and spread across the world in 2005, generating sales of US$1.1 billion for record companies - up from US$380 million the previous year - and promising further significant growth in the coming year.
Gateway Music fans downloaded 420 million single tracks from the internet last year - twenty times more than two years earlier - while the volume of music licensed by record companies doubled to over 2 million songs. Digital music now accounts for about 6% of record companies' revenues, up from practically zero two years ago.
Laptop Parts The legitimate digital music business is steadily pushing back on digital piracy. In Europe's two biggest digital markets, UK and Germany, new IFPI research indicates more music fans are legally downloading music than illegally file-swapping.
Software The mobile phone became a portable music device in 2005, the first year in which song downloads to mobile phones spread internationally. Mobile music now accounts for approximately 40% of record company digital revenues. Record companies are seeing sharply increased sales of master ringtones (excerpts of original artist recordings) which account for the bulk of their US$400 million-plus mobile music revenues.
Hard Drives IFPI Chairman and CEO John Kennedy said, "Two years ago, few could have predicted the extraordinary developments we are seeing in the digital music business today. And there will be further significant growth in 2006 as the digital music market continues to take shape."
Electronics Kennedy went on to say that, "Already in the UK and Germany - two of the biggest digital markets worldwide - legal buyers from sites like iTunes, Musicload and MSN actually exceed illegal file-swappers. We expect this trend to spread as new and pioneering legal music distribution channels open up to consumers."
Globally, there are now more than 335 legal download sites, up from 50 two years ago.
