(24 December 2007 1:00 pm)

MUMBAI: Factory sales of MP3 players in the US will rise from $424 million in 2003 to nearly $6 billion in 2007, according to projected sales.

Additionally, sales of digital television sets and monitors for the same period are estimated to increase from $8.7 billion to $26.3 billion.

In a report the US Census Bureau notes that The transition in consumer electronics from analog to digital format is just one of the many changes taking place in American life.

Products are not the only things going digital; the process for acquiring them is as well. Of the $3.7 trillion in retail sales in 2005, $93 billion (2.5 percent) were recorded as e-commerce sales (Table 1019).

In 2005, electronic shopping and mail-order houses accounted for 70 per cent ($65 billion) of e-commerce sales, most notably from computer hardware (14 per cent), clothing (12 per cent), and drugs and beauty aids (10 per cent). Motor vehicle and parts dealers made up another 18 per cent of e-commerce sales.

Between 2004 and 2005, Internet publishing and broadcasting operating revenue increased by 19 per cent. Revenue from online advertising space increased by 29 per cent.

Meanwhile, the number of daily newspapers continued to decline, from 1,611 in 1990 to 1,437 in 2006.
Circulation fell from 62.3 million subscribers to 52.3 million.

Products are not the only things going digital; the process for acquiring them is also following the same path. Of the $3.7 trillion in retail sales in 2005, $93 billion (2.5 per cent) were recorded as e-commerce sales.