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Report: 2004 U.S. Ringtone Sales Double to $300 Million

Authored by Mark Hefflinger on September 23, 2004 - 9:47am.
New York -- Global sales of ringtones for cell phones in 2004 will reach $4 billion, with the U.S. contributing $300 million to the total, according to a report from New York-based mobile market analysis firm Consect. U.S. sales will have doubled from 2003's $150 million, and indicate the U.S. is one of the fastest-growing markets for ringtones. "Surpassing $300 million this year, ringtone sales are becoming a significant component of the music industry's business, exceeding that of digital music downloads even at this early stage of the market," said Consect CEO Mark Frieser. The U.S. market is still dwarfed by Western Europe, which will see $1.5 billion in ringtone revenues in 2004, as well as Korea ($500 million); the rest of the world is projected to generate a combined $700 million.
tags: Reports | U.S. Ringtone Sales | Double |

Report: 54% of Cell Phones Will Double As Digital Music Players in 2009

Authored by Mark Hefflinger on September 14, 2004 - 4:37am.
Boston -- Cell phones capable of storing and playing digital music will grow to account for 54% of the global market in 2009, when high-speed 3G cellular networks are more widely deployed, according to a report from Boston-based market research firm Strategy Analytics. The firm pointed to Nokia's 3300 and 5510 handsets, as well as Motorola's alliances with MTV and Apple to illustrate the growing interest in such devices. It also predicts that MP3 will remain a requisite format even on cell phones. "Music will be a 'bridesmaid' value-add mostly found on converged devices and high end camera phones until 3G services are more widely deployed," said Strategy Analytics analyst Chris Ambrosio. "Then, it is up to device vendors to make significant improvements in sound quality reproduction, storage capacity, wireless-fixed connectivity, and the user interface to make cellular music a broader reality."
tags: Reports | Cell Phones | Digital Music Players | Double |

Report: Market for Online Games to Double Over Next Four Years

Authored by Mark Hefflinger on August 26, 2004 - 3:40am.
Dublin -- The total market for online games, including both massively multiplayer titles and casual games like online poker, will double over the next four years from $1 billion in 2004 to over $2 billion by 2007, according to a report from Dublin-based Research and Markets. Massively multiplayer online games will foster the market, with Europe becoming the biggest growth market for such titles as the U.S. reaches saturation point, the firm noted. Also contributing to growth will pay-per-play browser gaming, which generated $137 million in 2003 but is expected to grow at a compound annual growth rate of 40% through 2007 and become the second-largest online gaming sector. Resumed growth of advertising within online games, casual games service subscriptions and broadband games-on-demand services are also expected to spur the online games market.
tags: Games | Internet | Reports | Double |

Report: Global MP3 Player Sales Will Double in 2004 to 20 Million

Authored by Mark Hefflinger on July 21, 2004 - 4:56am.
London -- Global sales of MP3 players are expected to double in 2004, to more than 20 million units, according to London-based market research firm Informa Media Group. Sales are also projected to grow at an average annual rate of almost 45% for the next six years, with sales of 194 million units predicted for 2010. "As legal downloading is in an early stage of development, incompatibility with some portable players is not an issue" said Informa senior research analyst Simon Dyson. "However, if recent forecasts for digital sales growth are accurate, incompatibility between some downloads and the most popular portable players could become an issue in the very near future." Currently, tracks purchased from Napster and other Microsoft-powered services are not compatible with Apple's iPod, and songs from Apple's iTunes Store aren't compatible with a number of portable devices.
tags: Reports | Global | MP3 Player | Double |

Yahoo Sees Profits More Than Double

Authored by Mark Hefflinger on July 7, 2004 - 6:57am.
Sunnyvale, Calif. -- Buoyed by a rebound in the online advertising market, Yahoo on Wednesday said that it more than doubled its quarterly earnings of a year ago. The company reported earnings of $112.5 million, up from $50.8 million a year ago, on revenue of $832.3 million, up from $321.4 million. The results matched analysts' expectations, according to a survey by Thomson First Call. Susan Decker, the CFO of Yahoo, said that the company is benefiting from its "diverse and balanced sources of revenue, which have well positioned the company to deliver strong, consistent and profitable growth." Revenue from fee-based services, such as premium e-mail, grew 49%.
tags: Yahoo | Profits | Double |

European Broadband Connections Double in 2003

Authored by Mark Hefflinger on October 16, 2003 - 4:05am.
Brussels -- According to EU Telecommunications Commissioner Erkki Liikanen, broadband Internet connections in Europe have doubled over the past year, with several European countries even surpassing the U.S. "If there is one area in the European economy where there has been very dramatic change in the last six to 12 months, it is in broadband," Liikanen said. "The growth rates in broadband are about 100% per year at the moment, and there seems to be no slowing down." The Netherlands, Sweden and Denmark currently boast higher connection rates than the U.S., Liikanen said. In the third quarter of this year, broadband connections across the EU neared 20 million lines, with 41% of line provisions coming from new entrants, the EU reported.
tags: Broadband | European | Double |