Music's Industrries: Ringtones in 2007

Some recent news about ringtones, with Apple getting into the fray.

Worldwide ringtones sales totaled $3.5 billion last year, according to London's ARC Group, a research firm that tracks the telecom industry. APPLE, LABELS PITCH 'TONES | By BRIAN GARRITY | Business News | Financial | Business and Money

If this is true and sales of audio recordings didn't jump up from last year, this would mean that sales of ringtones are equivalent to more than 10% of the sales of recordings. Not that it's necessarily good for artists but in terms of simple accounting, it shows that there is more to doing business with music than "pushing CDs on consumers."