Apple’s iTunes still dominates music retailers, but Amazon’s share of both the physical CD and digital music download markets increased during the first three months of the year, a market research firm said Wednesday morning.
The NPD Group, based in Port Washington, said for digital music downloads, AmazonMP3 grew by 4 percentage points to reach 12 percent, behind iTunes’ 70 percent. Amazon’s share of the CD market also went up by 2 percentage points to reach 11 percent.
Russ Crupnick, NPD’s vice president of industry analysis, said, “Amazon’s growth reflects a stronger position in both the CD and digital formats. This dual-pronged approach of selling both digital music and CDs helps attract the most valuable and committed music buyer who prefers access to both formats.”
Here are the top U.S. CD retailers:
1) Walmart — 17 percent market share
2) Best Buy — 14 percent
3) Amazon — 11 percent
Read more of Inside Long Island Business