Digital Music Sales Failing?

According to a study conducted by Forrester Research, online music sales have plummeted in the past year. By researching credit card transactions over a 27-month period, Forrester was able to ascertain that the iTunes monthly revenue has fallen by 65-percent.

And the trend isn’t limited just to Apple. A study by Nielsen Soundscan held over three quarters found that sales for other services have been declining as well.

Not surprisingly, these trends are converse to the growing sales of digital music players. Could it be possible that the common consumer is finally catching onto the fact that DRM’ed music is bad (mmmkay)? Seems to be the only logical explanation.

iTunes sales ‘collapsing’ [The Register]