August 18, 2006

Excerpts from an article at The Economist about Amazon.com that mention music:

"(Piper Jaffray analyst Safa) Rashtchy thinks Amazon may have missed the boat with digital music, but could still have a chance to become a big online destination for digital video."
"Amazon does provide some digital downloads of music and video, although it is mainly promotional material. At heart the company remains primarily a purveyor of old-world media: some two-thirds of its sales are from books, CDs and DVDs. Whatever share of media ends up being downloaded, Amazon will miss out unless it introduces its own service."

The emergence of Microsoft's Zune will change the digital music landscape and should give pause to companies like Amazon.com that have lagged in taking a shot at iTunes' market share.

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Posted by Glenn at 12:31 PM | | | Online Stores/Services