To precious to be played
April 26, 2023
50% of vinyl buyers in the US don't own a record player
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American consumers bought 41.3 million vinyl records in 2022, compared to 33.4 million compact discs, which means that annual vinyl sales exceeded CD sales in the US last year for the first time since 1987, MBW reports. The difference in revenue is even bigger - income from vinyl jumped 17.2% year over year to $1.2 billion in 2022, while revenues from CDs fell 17.6%, to $483 million. Music sales data company Luminate also found that 50% of consumers who have bought vinyl in the past 12 months in the US own a record player, which of course means that 50% of vinyl buyers - don’t own a record player.