Music Industry Worries About Apple's Dominance
The iPhone, iPod, and stellar success of the iTunes Store are worrying music executives, who fear that all of this is giving Apple too much power over the music industry.
Reuters reports that sales of CDs, still the dominant music format, have dropped more than 20 percent in 2007 from a year ago, according to Nielsen Soundscan. Digital music sales are gradually claiming a greater portion of the business, but the transition has been slow, according to Reuters.
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