Apple denies report it will stop selling iTunes music downloads in as little as two years<article>
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<strong>UPDATE—May 12, 2016: Apple denied this rumor in a statement to Re/code’s Peter Kafka: “
Not true.” The original rumor is below.</strong></p><p>
Annual iTunes song downloads are projected to hit almost $600 million in sales in 2019. But that figure may not be big enough to keep Apple in the music-selling business.</p><p>
Apple wants to phase out the sale of music downloads via the iTunes Store in two years, according to a new report by
Digital Music News. With the continued decline of music downloads, Apple is foreseeing that iTunes sales will eventually sink to zero. So the company is reportedly abandoning that ship to devote more resources to Apple Music and the growing streaming market. Digital Music News’ unnamed sources also revealed that Apple might also choose to ride the sinking ship for the next three to four years, but that it’s more likely to “terminate” downloads entirely by 2018.</p><p class="jumpTag"><a href="/article/3069357/streaming-media/report-apple-will-stop-selling-itunes-music-downloads-in-as-little-as-two-years.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article>
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Apple denies report it will stop selling iTunes music downloads in as little as two years
