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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST
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To: NAG1 who wrote (212848)5/8/2024 11:25:23 PM
From: Zen Dollar Round   of 213177
 
> Really, how many albums were worth buying for all the songs in the past years?

Very few, but that's really beside the point. Unless you were pirating MP3s from download sites, you had to buy the CD to get the songs. While some CD singles were released, most people did not buy their music that way. If you liked more than one song from an album you paid more and got whole thing for $12 or more.

The music industry realized the benefit it selling full albums on CD long ago over singles, since the production cost for each was the same.

That was also true of vinyl albums, and music piracy has always been a thing since blank cassette tapes became popular. Admittedly though, it was far easier to do it once MP3s became a thing and music could be converted into files on a hard drive.

Then Apple came along and let you pay $0.99 (now $1.29) for a song, and the rest is history.

I remember reading how movie and video content owners were very leery of letting Apple gain control over them since they observed what Apple had done in the music industry.

As a side note, old but unused blank CrO2 and Metal cassette tapes (Type II and Type IV) are quite pricey these days since no company makes them anymore. Check out the prices they garner on eBay.
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