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JUPITER RESEARCH FORECASTS U.S. MP3 PLAYER SHIPMENTS TO TOP 3.5 MILLION IN 2003
(New York, NY - December 9, 2003) -- Jupiter Research, a division of Jupitermedia Corporation (Nasdaq: JUPM), today announced that it forecasts that U.S. shipments of MP3 players will almost double in 2003 to over 3.5 million, and will continue to grow almost 50% per year for the next three years. Demand for MP3 players with hard drives will outstrip demand for those with flash memory starting in 2004. By 2006, the installed base of MP3 players will top 26 million, establishing a critical mass of users that will help spur digital music sales.Based on a new forecast and an October 2003 consumer survey fielded by Jupiter Research, Jupiter Research's new report, "Portable Music Device Forecast, 2002 - 2008" found that nearly 60% of consumers in the market to buy a music player will be shopping online for the holidays, seeking convenience and the ability to mail gifts directly. "They're not quite this season's DVD player, but portable music players, combined with online music stores and services, will be a strong holiday shopping combination," said David Card, Jupiter Research VP and Research Director. "Judging from the survey responses, online retailers should promote factors such as beating the crowds, convenient shipping and competitive pricing to lure these shoppers. The survey also showed that these shoppers were less worried about credit card security than average, but more concerned about late arrivals and returns," added Card.
The combination of Apple's iPod device and its iTunes Store for music downloads has energized the music industry. This holiday season there will likely be half a dozen new stores and services joining existing players like AOL, MusicMatch, Napster and RealNetworks. PC companies like Dell and Gateway have already launched hard-drive-based players, joining familiar names like Philips and Toshiba as well as specialists like Creative Labs and Archos. While Sony is expected to announce its own plans for this space shortly, Microsoft, Hewlett-Packard and Amazon.com will miss this season.
The complete findings of this report are immediately available to Jupiter Research clients online. For more information on the report or Jupiter Research's Music and/or Personal Technology research service, please contact Kieran Kelly at [email protected] or call 1-800-481-1212.
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com)
headquartered in Darien, CT, is a leading provider of global real-time news, information, research and media resources for information technology, Internet industry and graphics professionals. Jupitermedia includes the internet.com, EarthWeb.com, DevX.com and ArtToday.com Networks which include over 150 Web sites and over 150 e-mail newsletters that generate over 275 million page views monthly. Jupitermedia also includes Jupiter Research, a leading international research advisory organization specializing in business and technology market research in 18 business areas and 14 vertical markets. In addition, Jupiter Events produces offline conferences and trade shows focused on IT and business-specific topics, including Wi-Fi Planet, Search Engine Strategies and Enterprise IT Week.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which Jupitermedia Corporation competes; the unpredictability of Jupitermedia Corporation's future revenues, expenses, cash flows and stock price; Jupitermedia Corporation's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia Corporation's international and venture fund investments; any material change in Jupitermedia Corporation's intellectual property rights and continued growth and acceptance of information technology and the Internet. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia Corporation's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and Jupitermedia Corporation assumes no obligation to update the forward-looking statements after the date hereof.
Contact:
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