The mass market still is entrenched in a non-MP3 world. Until that changes, there's just too few iPods out there to move the needle for the overall music industry.
More Quotes from Gene Munster:
People want to buy digital music, but they don't know what's out there because there's no big brand,Gene Munster
The iPod nano will do two things. First, it will draw more people into the market, and second, it will fuel a strong replacement cycle.
Gene Munster
Apparently I'm not the only one. Wal-Mart's entrance into digital-music downloads is kind of comical, ... The typical Wal-Mart user isn't tech-savvy.
Gene Munster
If Amazon can get to that fast track, it would eliminate the need for people to go out to rent or buy movies. If it doesn't, this service could be dead on arrival.
Gene Munster
Hitting the 1 billion mark means that the business of selling music online is real. Over the next 10 years, the retail music industry will be turned upside down and 25 percent of worldwide industry sales will be made online.
Gene Munster
The only other company that has cheaper products out there is Creative. So not only are Apple products the best, now they're also the cheapest, which makes it impossible for others to compete.
Gene Munster
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