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CD Sales Dip to Continue

CD Sales Dip to Continue

CDs may soon go the way of vinyl, according to Forrester Research, signaling a new era of media distribution. The group predicts a big drop in CD sales will continue to drop as Internet music file-sharing gains popularity. Forrester’s survey of nearly 4,800 adults and 1,170 young people shows roughly 20% of those surveyed said they download music from the Internet. Half of the downloaders told Forrester they’re buying fewer CDs.
According to Nielsen SoundScan, 62.5 million fewer CDs were sold from 2001 to 2002, a 9% drop to 649.5 million.