Okay, these numbers got me curious, so I did a little math..
Reading the Wal-Mart threads a few weeks ago, it was stated that DVD sales are a 17 billion dollar a year business in the US, and 60% of that is from Wal-mart alone.
If you figure the average selling price of DVD's is appx $15, that means that 3.1 million DVD's are sold per day in the U.S. If Apple is selling 9000 movies per day, that means they already have 2.9% of the pie with Disney movies alone. I think that is actually quite good!
Is my maths or did you get the decimal place wrong, I made it .29%. That would make more sense given the time frame.
Sorry to rub it in but the figure is even less as Wall Mart actually accounts for 40% of US DVD sales (see extract below from a previous AppleInsider report).
"Wal-Mart, which controls about 40 percent of DVD sales in the US, had previously warned studios about undercutting the price of DVDs in its stores by agreeing to Jobs' terms for iTunes."
No matter, I think movie sales is a great idea and I'm really looking forward to next year when hopefully iTunes UK will start selling TV shows and movies. Eventually when iTV completes the overall package sales are going to rocket.
I'm so looking forward to Steve's keynote in January.
Sorry to rub it in but the figure is even less as Wall Mart actually accounts for 40% of US DVD sales (see extract below from a previous AppleInsider report).
"Wal-Mart, which controls about 40 percent of DVD sales in the US, had previously warned studios about undercutting the price of DVDs in its stores by agreeing to Jobs' terms for iTunes."
Even if Wal-Mart accounts for 40% rather than 60% of sales, DVD's are still a 17 billion dollar a year business, so iTunes percentage doesn't change. They are still at .29%
Even if Wal-Mart accounts for 40% rather than 60% of sales, DVD's are still a 17 billion dollar a year business, so iTunes percentage doesn't change. They are still at .29%
That's a world wide number. So, Apple's percentage is higher here in the US, which is all their movie store sells to right now.
I buy an average of 1 to 2 DVDs a month. I view about 16-20 DVDs a month via Netflix. I don't rip any movies. It's such a waste of HD space. If I like it enough, I'll just buy the DVD.
I buy an average of 1 to 2 DVDs a month. I view about 16-20 DVDs a month via Netflix. I don't rip any movies. It's such a waste of HD space. If I like it enough, I'll just buy the DVD.
Damn, I wish I had the time to watch that many movies. I just recently canceled my Netflix account because I found myself holding on to the same 3 movies for over a month because I couldn't find the time to watch them. It wasn't so much a bargain anymore. Needless to say I won't be using the Microsoft service either.
Damn, I wish I had the time to watch that many movies. I just recently canceled my Netflix account because I found myself holding on to the same 3 movies for over a month because I couldn't find the time to watch them. It wasn't so much a bargain anymore. Needless to say I won't be using the Microsoft service either.
If I find myself unable to make it through a movie (boring, too slow, whatever) I force myself to send it back as soon as I can. Why waste time watching lousy movies? I have nearly 400 movies on my Netflix waiting list, gotta keep 'em rolling.
Compared to 125.000 in the first week of the itunes Movie store. The Movie Sale Rate per Week is actually slowing down. This is a little disappointing.
The selection is rather low right now also. Sales will increase when there is more choice.
Quote:
I won't buy iTunes movies
iTunes success isn't dependent on you old farts anyway.
iTunes real growth will be in the 25 and under crowd.
Comments
Okay, these numbers got me curious, so I did a little math..
Reading the Wal-Mart threads a few weeks ago, it was stated that DVD sales are a 17 billion dollar a year business in the US, and 60% of that is from Wal-mart alone.
If you figure the average selling price of DVD's is appx $15, that means that 3.1 million DVD's are sold per day in the U.S. If Apple is selling 9000 movies per day, that means they already have 2.9% of the pie with Disney movies alone. I think that is actually quite good!
Is my maths or did you get the decimal place wrong, I made it .29%. That would make more sense given the time frame.
Is my maths or did you get the decimal place wrong, I made it .29%. That would make more sense given the time frame.
$17,000,000,000 / $15 = 1,133,333,333 (1.1 billion Dvd's Sold Per Year)
1,133,333,333 / 365 days = 3,105,022 (3.1 million DVD's sold per day)
9000 (itunes sales per day) / 3,105,022 (total sales per day) = 2.9%
Correct me if I'm wrong, but I think these numbers are correct.
9000 / 3105022 * 100
Into a calculator (or google), the result is 0.29% not 2.9%
9000 (itunes sales per day) / 3,105,022 (total sales per day) = 2.9%
0.29%
No back to School for you!
0.29%
Okay, got it..
"Wal-Mart, which controls about 40 percent of DVD sales in the US, had previously warned studios about undercutting the price of DVDs in its stores by agreeing to Jobs' terms for iTunes."
No matter, I think movie sales is a great idea and I'm really looking forward to next year when hopefully iTunes UK will start selling TV shows and movies. Eventually when iTV completes the overall package sales are going to rocket.
I'm so looking forward to Steve's keynote in January.
Sorry to rub it in but the figure is even less as Wall Mart actually accounts for 40% of US DVD sales (see extract below from a previous AppleInsider report).
"Wal-Mart, which controls about 40 percent of DVD sales in the US, had previously warned studios about undercutting the price of DVDs in its stores by agreeing to Jobs' terms for iTunes."
Even if Wal-Mart accounts for 40% rather than 60% of sales, DVD's are still a 17 billion dollar a year business, so iTunes percentage doesn't change. They are still at .29%
Even if Wal-Mart accounts for 40% rather than 60% of sales, DVD's are still a 17 billion dollar a year business, so iTunes percentage doesn't change. They are still at .29%
That's a world wide number. So, Apple's percentage is higher here in the US, which is all their movie store sells to right now.
Compared to 125.000 in the first week of the itunes Movie store. The Movie Sale Rate per Week is actually slowing down. This is a little disappointing
You can't ever go by the first week.
That's a world wide number. So, Apple's percentage is higher here in the US, which is all their movie store sells to right now.
No, it's actually 17 billion a year in the US.
Compared to 125.000 in the first week of the itunes Movie store. The Movie Sale Rate per Week is actually slowing down. This is a little disappointing
Ah, that was the figure I was thinking was for the first month. Ah well.
Compared to 125.000 in the first week of the itunes Movie store. The Movie Sale Rate per Week is actually slowing down. This is a little disappointing
When Apple released the 125,000 number, wasn't it for the first two weeks?
Edit: Never mind, it was after 8 days.
I child has to walk before he can run.
It takes a village.
How many movies would you buy? Or rip?
I buy an average of 1 to 2 DVDs a month. I view about 16-20 DVDs a month via Netflix. I don't rip any movies. It's such a waste of HD space. If I like it enough, I'll just buy the DVD.
250
How many movies would you buy? Or rip?
I wouldn't buy any movies. If iTunes rented movies, I'd probably rent 3-4 a week, which is what I do now.
I buy an average of 1 to 2 DVDs a month. I view about 16-20 DVDs a month via Netflix. I don't rip any movies. It's such a waste of HD space. If I like it enough, I'll just buy the DVD.
Damn, I wish I had the time to watch that many movies. I just recently canceled my Netflix account because I found myself holding on to the same 3 movies for over a month because I couldn't find the time to watch them. It wasn't so much a bargain anymore. Needless to say I won't be using the Microsoft service either.
Damn, I wish I had the time to watch that many movies. I just recently canceled my Netflix account because I found myself holding on to the same 3 movies for over a month because I couldn't find the time to watch them. It wasn't so much a bargain anymore. Needless to say I won't be using the Microsoft service either.
If I find myself unable to make it through a movie (boring, too slow, whatever) I force myself to send it back as soon as I can. Why waste time watching lousy movies? I have nearly 400 movies on my Netflix waiting list, gotta keep 'em rolling.
Compared to 125.000 in the first week of the itunes Movie store. The Movie Sale Rate per Week is actually slowing down. This is a little disappointing.
The selection is rather low right now also. Sales will increase when there is more choice.
I won't buy iTunes movies
iTunes success isn't dependent on you old farts anyway.
iTunes real growth will be in the 25 and under crowd.
iTunes success isn't dependent on you old farts anyway.
iTunes real growth will be in the 25 and under crowd.
Looking at the numbers, apparently itunes isn't for a lot of people.