The Decrease of the CD Market

In the 90's CD sales hit an all time high and showed no signs of falling, but every product has its peak and sales began to fall drastically within the CD market.
The continuous rise of the internet meant that CD sales began to decrease, this was due to online downloads ( many being illegal) which became easier to purchase by the day. In the Noughties, music downloads became the latest trend in terms of purchasing music, and this trend is currently still happning.
Apple however created iTunes and this opened up a whole new market, the music industry of CD's fell and didn't look like it was ever going to pick itself up again, however at some consolation iTunes did begin to provide som music industries with a small income ( better than nothing i suppose).

Then came the peak of illegal downloads, music fans and the somewhat 'nerds' of the world set up websites to 'share' music. There idea of sharing music around the globe assisted in the attack on the music industry as a whole. Record labels were losing money due to lack in CD sales etc. Security online has helped some illegal download websites to be shut down such as 'Napste' but it is clear that this idea of 'sharing' will never end. Now shops such as HMV are finding it hard to keep sales alive but they are doing there best to keep the CD market alive, by selling extras such as complimentry tracks or added bonuses to CD's.

The idea of a physical CD has far died down and now people will happily pay for music and not physically get anything for their money. iPods and MP3 players are the reason people now want to buy music online, they store vast amounts of music on them with out any need for a CD,not to mention being accessable almost everywhere and anywhere.