In the first three months of 2011 just over 20 million CDs were sold in the UK, but this figure dropped to 15.3 million in 2012 – a drop of 25%. Sales of vinyl in the UK experienced growth in 2011 of almost 40% over 2010 figures but still only account for 19.5% of non-download sales. In 2011, according to IFPI, worldwide sales of downloaded singles and albums rose by 17% with some countries (US and S.Korea) deriving over half of their sales of music from downloaded sources. IFPI estimates that 32% of record companies’ revenues are derived from digital channels. More »
What is Hifi?
Hi-fi can mean so many things to different folk, so a quick search on the internet seemed in order and Wikipedia had the following to say: “High fidelity – or hi-fi or hifi – reproduction is a term used by home stereo listeners and home audio enthusiasts (audiophiles) to refer to high-quality reproduction of sound to distinguish it from the poorer quality sound produced by inexpensive audio equipment.” More »