iTunes Losing Market Share to Streaming Services
Pay-per-song business model may be fading away as service celebrates 10 years
Sunday marked the 10-year anniversary of iTunes, with some news outlets noting that business has declined as streaming services like Spotify and Pandora gain popularity. Later this year, Apple plans to debut its own streaming service, Bloomberg reported.
While iTunes still dominates the digital music market with a 63 percent share, selling 35 million songs in 119 countries and 850,000 iOS apps in 155 countries, it has fallen from 69 percent in 2010. In fact, the music store's share of the $2.9
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