Album sales are down 16.6% to 117.1 million units, according to Nielsen SoundScan, for the period running from January 1 through April 2. The consensus around the music business is that declines are mainly due to a weak release schedule, the consumer's loss of confidence in the CD and a reduction in store space for the format.
While CD sales were down 20.5%, digital track sales totaled 281.7 millions, outpacing album sales by more than 100 million units, according to Nielsen SoundScan. When those digital track sales are factored as a track equivalency to albums, album sales are only down 10.3%.
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