Friday, October 10, 2008

Report: iTunes Continues Dominance; Amazon, Rhapsody Gain

While Apple's (NASD: AAPL) iTunes Store continues to dominate the digital music market, Amazon's (NASD: AMZN) MP3 store and RealNetworks' (NASD: RNWK) Rhapsody made strides in terms of brand awareness and user preference over the past year, according to a report from market research firm Ipsos. Among users who were aware of more than one source for digital music purchases, 57% preferred iTunes -- an increase of 7% from a year ago. Meanwhile, 9% favored Amazon MP3, which has only been around a year, and 7% preferred Rhapsody, a 3% increase from a year ago. Among other services, declines in popularity were seen at Best Buy's (NYSE: BBY) recently-acquired Napster, as well as at Yahoo (NASD: YHOO) and MySpace (NYSE: NWS), and the catch-all category of all other services -- which were preferred by just 9% of those surveyed.;-amazon,-rhapsody-gain

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