Obviously, with the advent of music players on mobile devices, the market for portable MP3 players and media players (PMP) has begun to fade. At one time they became the "killers" of CD players, but now they will have to be in the role of victim. The introduction of new technologies, long battery life, and better quality reproduction have become factors, as the parachute slowed down the “fall”, but this year’s statistics indicate a sharp decline in user interest in this market.
Just look at the latest report from the research company Mintel , and it becomes clear that there are very few prospects for portable music players. For example, the UK market was taken, where this year, sales of MP3-players fell by 22 percent. At the end of this year, producers will gain 381 million pounds, and in fact a year earlier, this amount was more than 110 million pounds. The fall is quite high. Experts have suggested that the number of sales will be halved by 2017. And this, with the most favorable scenario. The most skeptical development options suggest that in the five-year period, sales will be reduced to 25 million pounds.
Of course, it can be argued that in this study only the UK market was taken, but it is unlikely that the trends on it are very different from other developed countries. If you think about it, then MP3-players are really not as relevant as they used to be.
Source: Businessinsider.com
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