Posted on: November 29, 2005 in Technology, Music
Quarter of a million dollars
I read a good post at this fantastic blog today:
Analyst Gene Munster predicts that in 5 years Apple will be shipping 1 terabyte iPods for $500 each. That means I’ll be able to carry around a quarter-million songs in my pocket. At the current iTunes rate of $.99 per song thats about a quarter million dollars worth of music.
Something tells me that business models will have to change before this happens! Either that, or wages will have to undergo a serious increase. Hilarious!