3-2-09 - Microeconomics Class Notes 3/2/09 Who ruled the...

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Microeconomics – Class Notes – 3/2/09 Who ruled the music industry (before Apple)? Sony BMG EMI Warner Music Universal music group iTunes – 57% of all purchased digital music downloads worldwide iTunes – Most downloaded music 10% of 65% of all music sold before iTunes was sold through Wal-Mart and Target A lot of this dramatic industry shift is the result of the digital revolution (MP3s) – TECHNOLOGY!!!! CD – changed the industry What was the first technology to begin the revolution? 1. The Sony Walkman – The portable cassette player 2. The Sony Walkman – The portable CD player 3. The Boombox Moore’s Law – the number of pins on a chip (processing capability) doubles every 18 months. Metcalf’s law - The value of the telecom network is the square of the number of users is on – the more people, the greater the power, capability of the network. MP3
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This note was uploaded on 06/03/2009 for the course ECON 200 taught by Professor Nonnenmacher during the Spring '09 term at Allegheny.

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3-2-09 - Microeconomics Class Notes 3/2/09 Who ruled the...

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