Friday, February 20, 2004
Napster reeling after Apple-HP deal
Mercury News reports that woe continues at Apple's competitor: "Napster is losing money, and top executives have left the company, including its president, chief financial officer, vice president of programming and head of corporate communications as well as a key board member."
Parks Associates research analyst John Barrett told Digital Music News last week: "The digital-music market is quickly growing and everyone is jumping into the space. Margins are razor thin, however, and substantial volumes are needed to make a profit. I expect, therefore, that the less successful players will begin to quit the market within a year or two, and we'll see just the best of the best survive."
From the article "Napster reeling after Apple-HP deal," by the Macworld Staff.
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