Apparently, Apple couldn't have picked a better time to unveil a musical digital device like the iPod, its MP3 music player that holds up to 1,000 songs.
According to the Cahners In-Stat research group, interest in new digital audio playback applications and products is increasing.
The research firm finds that even though most digital audio playback products have only been available for a couple of years, they have already succeeded in selling millions of units. While portable digital music players have been the best-selling digital audio application, other products like digital audio receivers, digital jukeboxes, automobile stereos, cellular phones and even personal digital assistants (PDAs) will drive future product sales, according to Mike Paxton, a senior analyst with In-Stat.
In-Stat has also found in its "Digital Audio Update: MP3 Applications Proliferate" report that:
This story, "Now is a good time for the iPod" was originally published by PCWorld.