Ringtone Market Hits The Jackpot With Immature Cell Phones
by:
Samuel Miton
The ringtone industry is striking a popular cord with the immature market. This group, mostly 13 to 24-year-olds, likes to purchase their favorite tune or sound without paying the high cost for a CD. This segment isn't afraid to drop lots of discretionary financial gain
to transfer
monophonic or polyphonic sounds, which does the ringtone industry really happy.
According to RealityTVWorld.com, today’s teens are willing to substitute cell phone minutes for the latest ringtone. This behavior places this age group in the largest population of ringtone purchasers. Since over 40% of cell phone users fall into this group and have disposable income, the ringtone industry is fashioning the most of this opportunity. The market is so large among this young population that, according to a study by Wireless Earth Forum, young folk are defrayal eight times more on mobile phones than music. Currently, trends in the U.K. show that the ringtone market holds 10% of the total music market. This population's purchase
power is equally impressive in the United States wherever
teenagers spend nearly as more on ringtones as on text messaging. The sale of ringtones global adds up to $3.5 billion, according to IT Facts online (http://www.itfacts.biz).
Naturally, the music industry isn't extremely
excited
just about this shift in sales from the more costly CD to more less costly ringtones - even as tho'
the publisher or ballad maker of the music or tone is entitles to royalties. Still, a ringtone royalty isn't quite as high of a percentage as a CD royalty. Several futurity analysts of this market are predicting that the mobile phone and ringtone industry are going to dip even as farther into the music industry by giving mobile phones technology similar to iPods.
About The Author
Copyright 2005 Prophet
Mitone. All rights reserved.
Samuel Mitone is the owner and operator of Fever Ringtones, a premier resource for all the latest ringtones on the web. Please go take at look at his archive of articles: http://www.feveringtones.com
This article was denote
on August 26, 2005
