Is the CD Becoming Obsolete?

I purchase two or three music CDs each month and hate the thought of dwindling sales. There have been times when I’ve walked into a music store recently and dropped my jaw because they actually carried an artist I wasn’t expecting them to. By the way things are going though, that won’t happen for much longer, as music stores have to optimize their products for sale in order to cater to the bubble-gum crowd. I can see why online sales are so popular, but doesn’t anyone like owning a hard copy of their music anymore?

Glancing at a report on Forbes.com this morning, there was an article showing that CD sales are expected to be down 20% 2008 (slightly higher than the 15% drop initially predicted). Why such a drop? Well, there has been a recorded drop of 18% so far in 2007 and the trend seems to be steady and indicative of future trending.

Source: Audioholics Via: Slashdot