MP3 Players Are Dead

What was once a hot business sector now looks to be going the way of the CD player and cassette deck as sales for MP3 players have plummeted over the last year. Although that part of the electronics business is still a somewhat signifanct revenue stream, it's going down fast.

According to numerous sources, sales in the UK have dropped 22% in the last year alone, and Apple has found their global iPod sales down a full 19%. That figure still meant sales of 5.3 million units in the last quarter, but you can see the trend here.

All this sounds pretty ominous for music, right? Well it turns out that people are still listening to more music than ever, just on a different device. That's right, there are more than 1 billion smart phones in use around the world and that's what people are doing most of their listening with. What's more, consulting firm Strategy Analytics believes that figure will double in the next two years.

So say goodbye to the device that saved the music business, and hello to the one that may save it again.

How many of you haven't made the transition to a smart phone yet?

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