US sees growth in CD sales market
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R&B star Usher leads a rise in CD sales in the US, despite the growing popularity of music downloads.
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Digital music is ramping up, but Jupiter Research reports that the venerable CD will remain the best-selling format throughout the remainder of the decade.
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Third-quarter PC shipments in the US increased 5 percent from the same period a year ago. That was below analysts&#39; forecast of an increase of more than 8 percent.
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Hyundai Motor Co. said Friday it expects to increase sales by about 10 percent in the United States and 64 percent in China in 2008 by introducing new models after missing targets last year.
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Physical CD sales continue to drop, but sales of digital music are surging, according to data from Nielsen SoundScan. Digital music sales increased by 49 percent to 417 million.
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Sales of Sony's PlayStation 3 (PS3) console in the US rose by 21% in June, according to analyst figures.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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As storage gets cheaper and download speeds faster, digital music files are moving closer to CD quality.
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US sales of previously owned houses rose in September to the third-highest pace on record, evidence that low borrowing costs were attracting buyers and helping sustain the economic expansion.
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Global sales of portable digital music players are expected to rise significantly this year, the world's second-largest manufacturer of MP3 players said on Tuesday.
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Global CD sales in 2006 have slumped "more than expected", according to an industry report.
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U.S. retail sales rose by 0.2  percent in October, the Commerce Department said on Friday,  matching expectations after a sharp drop in auto sales was  offset by solid growth in other areas.
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More US enforcement is one reason. But shipments from cartels may also be rising.
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U.S. data shows slightly stronger-than-expected growth but also pricing pressures.
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U.S. prescription drug sales rose 8.3 percent to $274.9 billion last year, fueled by the Medicare drug benefit, increased use of generic medicines and new treatments for diseases such as cancer and diabetes, according to a new report.
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US retail sales grew 1.4% in May, suggesting that US economic growth may recover faster than expected.
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Growth in the vast US services sector expanded in October a bit more than economists had expected, including a slight gain in employment, according to an industry survey published on Wednesday.