iTunes Could Capture 25% of Worldwide Music by 2012

From Wired.com:

By 2012, digital music is projected to account for 40 percent of music sold, according to InStat. If Apple holds onto its current market share, it will account for more than one-quarter of all music sales by its ninth birthday. Not bad for freeware.

“I’m very skeptical about whether iTunes can be unseated, because there’s not a lot of consumer pain there,” said Paul Resnikoff, editor of Digital Music News.

Digital Music News recently found that iTunes is installed on nearly 30 percent of all computers worldwide, making it the most widely installed music store application in the world.

When Apple snapped up a little music program called SoundJam MP back in 2000, no one predicted that the iTunes application it became would lead to a complete restructuring of the music industry.

Tags: Apple, itunes, Music