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April 07, 2006

Last year, people spent $2 billion online for everything from digital music and movies to research, dating site subscriptions, and greeting cards, reports the Business2Blog. While subscription revenues still account for 78% of the total, one-time payments grew 40% thanks mostly to iTunes.

The whole Entertainment segment (music, movies, etc) totalled only $573 million, but it surpassed the online dating segment for the first time, says Business 2.0.

Om Malik reports analyst Charlene Li at Forrester Research, is not bullish on Podcasting. Forester's report says only one percent of online households regularly download and listen to podcasts. In 2006, they predict that number will only be around 700,000.

The Diffusion Group has a different take. They predict “demand for time-shifted digital audio files or “podcasts” is expected to grow from less than 15% of all portable digital music player owners in 2004 to 75% by 2010.

A survey by Pew Research conducted last month found 6 percent of cell phone users play music on their device, while 19 percent wish their phone had that feature. A mere 2 percent watch mobile video or TV, but 14 percent said they would like to. Some 41% of cell phone owners say they fill in free time by making phone calls.

PodTech estimates that 15-20 million people are accessing podcasts on iTunes. Apple watchers put the iTunes client software penetration around 100 million worldwide. Podtech, incidently, has terrific podcast coverage of CTIA 2006.

Meanwhile, PayPal introduced PayPal Mobile, this week. The text message-based service enables consumers in the US and Canada to send money anytime, from anywhere, using their mobile telephones.

To use PayPal Mobile, customers first activate their telephones by logging into their PayPal accounts at https://www.paypal.com/mobile. After registering their mobile telephone numbers, users must choose a secure Personal Identification Number (PIN) which protects every mobile payment.


Originally posted by samc from Daily Wireless, remediated by yatta on Apr 7, 2006 at 01:03 PM