Nokia: Half of music market to go digital in 2010

Posted on October 11, 2008 - 08:17 CEST by Thomas De Maesschalck

Nokia recently launched its "Comes With Music" and claims digital music will account for half of world's music market within two years:

Citing internal estimates, the production value of digital music accounted for a mere 2% of the world's entire music market in 2004. The ratio is expected to expand sharply to 20% worldwide and even 30% in Asia, in 2008, the sources indicated.

Already having sold over 300 million music handsets worldwide, and with over three million licensed songs available in its catalog, Nokia aims to become the leading vendor in the music service market through its 'Comes With Music' download service.

Source: DigiTimes

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Nokia: Half of music market to go digital in 2010

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