Per Txp1, "The next "audiophile" media will be vinyl. Oops, its already happening. Vinyl and vinyl playback systems are booming . . ."
Well, that sure sounds nice but let's take a look at the facts (took about 30 seconds to find, by the way). Per the RIAA, vinyl LP sales dropped 25% in 2005 from 2004; vinyl singles (which dominate vinyl in unit shipments) fell by 35.4%. These followed 2004's declines of 11.9% and 7.3% respectively, which followed 2003's drops of 11.5% and 14%, which came after 2002's falls of 23.7% and 20.8% . . .
That said, LPs have kept up their solid 0.7% market share (if you don't include downloads, that is - if you do, vinyl's share is much, much lower).
Is this what you call a "booming" market? Maybe if the boom comes from a collapse into vacuum, perhaps . . .
Well, that sure sounds nice but let's take a look at the facts (took about 30 seconds to find, by the way). Per the RIAA, vinyl LP sales dropped 25% in 2005 from 2004; vinyl singles (which dominate vinyl in unit shipments) fell by 35.4%. These followed 2004's declines of 11.9% and 7.3% respectively, which followed 2003's drops of 11.5% and 14%, which came after 2002's falls of 23.7% and 20.8% . . .
That said, LPs have kept up their solid 0.7% market share (if you don't include downloads, that is - if you do, vinyl's share is much, much lower).
Is this what you call a "booming" market? Maybe if the boom comes from a collapse into vacuum, perhaps . . .