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$300 Million US Ringtone Market For 2004
Consect, the leading provider of US mobile market analysis, including ringtone and other mobile entertainment metrics, charts and reports, announced the release of its 2004 Mobile Music Report. The report indicates global mobile phone ringtone sales will total $4 billion in 2004. In the US market, total sales have doubled from $150MM in 2003 to more than $300MM for 2004, making the US one of the fastest growing - and largely untapped - markets for mobile music.
"With ringtone revenue in 2004 more than double that of 2003, the US mobile music market has finally come of age," said Mark Frieser, CEO, Consect. "Surpassing $300MM this year, ringtone sales are becoming a significant component of the music industry's business, exceeding that of digital music downloads even at this early stage of the market."
Related News from Mi2N:
» Consect Foresees $300 Million US Ringtone Market For 2004; $4 Billion Global
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