Strong sales forecast for digital audio players
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Sales of portable digital audio players like Apple Computer Inc.&#39;s trendy iPod are booming and are expected to generate $58 billion in revenue worldwide by 2008, according to a research report released Tuesday.
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Plus: Alltel profit, revenue rise...SanDisk earnings top estimates...SAP revenues solid, outlook moderate...Phone sales boost Nokia profits past forecasts.
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Plus: Adobe strong despite drop...Linux demand lifts Red Hat profit...Strong sales of phones, other gadgets boost PalmOne profit.
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The initial public offering market is hoping for a big bang this week from Dolby Laboratories Inc. The San Francisco company, whose sound systems and double-D logo are ubiquitous in the movie industry as well as in consumer electronics, plans to sell 27.5 million shares for &#36;13.50 to &#36;15.50 each.
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SAN FRANCISCO - In one of those good news, bad news stories, think tank IDC said sales will explode for Apple Computerâs extremely popular iPod music player this decade, but the huge market is attracting several portable jukeboxes based on 1-inch or
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DVD-Audio, Super Audio CD, DVD Plus and the imminent DualDisc are among the cutting-edge music delivery formats. But just as these carriers deliver high-resolution audio, so does another medium making inroads in the audio production and consumer communities: high-definition broadcast.
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Sony Electronics has released the first of its digital audio players to support the popular MP3 format, marking a significant shift in its music strategy.
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Buying digital music can be confusing. On one hand, you have an alphabet soup of acronyms, all referring to varying formats. On the other hand, you have a slew of online retailers, each furiously competing for your hard-earned music dollar. And in the middle, you have an avalanche of players, each of which offer different features and work with different formats.
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SAN FRANCISCO (Billboard) - This past year marked the  beginning of a revolutionary experiment to sell and distribute  digital music to and from mobile phones. The stage is only just  being set, with the business models, pricing and marketing  issues still evolving.
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Record companies' revenue from digital music sales rose 40 percent to $2.9 billion over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.
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A new generation of smaller, sleeker and cheaper MP3 players from the likes of Sony, Rio, Creative and Rave MP are hitting the market this fall, and they all have Apple Computer&#39;s white-hot digital music player in their sights.
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InfoWorld - At the Consumer Electronics Show this year, it's clear that consumers are making choices that are driving industry changes, and nowhere is that more evident than in the digital music business.
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Devices seen as good entry point to consumer electronics market.
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The electronics giant will finally support the MP3 format. Is it too little, too late?
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Sales of MP3 players are rocketing, fuelled by falling unit prices, integration of MP3 support into a wider range of devices and the creation of legal music download websites.
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South African suppliers of compressed audio players (MP3) are still trying to predict local demand, while the international market is expected to be worth $58 billion (R645 billion) by 2008.
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An anonymous reader writes &quot;Market research company IDC is predicting a rosy future for MP3 player sales. They predict that by 2008 it will grow into a $58 billion industry - four times bigger than the US record industry.