According to the RIAA’s report, when comparing the first half of 2018 with the first half of 2017, vinyl revenue increased 12.6 percent while CD revenue plummeted 41.5 percent. Those percentages are roughly the same for units of each format sold. Granted, CD sales (i.e. the number of copies sold) are still in the millions — but thanks to CDs’ year-over-year tumble, shipments of physical products overall slipped 25 percent, which the RIAA notes is a higher rate of decline than in previous years.
While the compact disc has been on its deathbed for a while now — labels release fewer CDs these days, and major retailers like Target and Best Buy have decided to limit quantities or even stop stocking discs — the speed at which it’s crashing toward irrelevance is dramatic. Vinyl, on the other hand, is breeding optimism in the industry; while no one expects vinyl to usurp digital formats, musicians and experts alike are betting on its sustained future because of both its unique audio quality and nostalgic value.
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