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iTunes Music Store

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iTunes Music Store. Background. Debuted April 28 th , 2003 Sold 3 Billion Songs Between April 03 to July 07 Accounted for more than 80% of the worldwide online music sales. Background. First 18hrs Sold 275,000 First 5 Days Sold 1,000,000 - PowerPoint PPT Presentation

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Page 1: iTunes Music Store
Page 2: iTunes Music Store

•Debuted April 28th, 2003•Sold 3 Billion Songs Between April 03 to July 07–Accounted for more than 80% of the worldwide online music sales

Page 3: iTunes Music Store

•First 18hrs Sold 275,000•First 5 Days Sold 1,000,000•Steve Jobs Announced An Unnamed Person Had Purchased $29,500 Worth of Music

Page 4: iTunes Music Store

•“Monopoly” In Digital Entertainment

•Captive Market•Easy To Navigate•Fast and Cheap

Page 5: iTunes Music Store

•No Physical Product•Limited Number of Songs•Storage Space on a Hard Drive

Page 6: iTunes Music Store

•Co-Brand–Magazines and Periodicals

•Personal Customization–Wallpapers–Animations

Page 7: iTunes Music Store

•Microsoft Zune•Illegal Music Downloading•The Potential Innovator•Amazon.com•Wal-Mart