Can Mobile Music Apps Pick Up Where Ringtone Sales Left Off?

Ringtone sales cratered last year—and by the looks of the latest stats from Nielsen RingScan, 2009 will bring more of the same. Sales are already down 23 percent, per Billboard. Meanwhile, handset makers and wireless providers offer full-track downloads through various content platforms, but mobile music sales are still minimal.

So now the industry is starting to focus on music apps like Pandora, Spotify and Rhapsody, in the hopes that they’ll evolve into sustainable sources of revenue across the board—for the carriers, the platform providers, and the record labels, too. And there are a few reasons why the mobile music app business might fare better than ringtones in the long run.

Read full article in MocoNews.

emily | 8:10 AM | Random Stats, cell phone apps |
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