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Here come the numbers

I find the statement a bit misleading, because in fact "hi-res" digital formats have always been the last format by sales. They haven't reached the sales volume of vinyl in 2004 just as they never had before.
The "event" of 2004 is rather the death of the cassette, which finally sold less than vinyl (but still more than LPs, half of the sales of vinyl being singles).
Nonetheless, sales of vinyl have been in steady decline (and not a slow one at that).
But frankly, the whole discussion is marginal. The only real business issue is CD vs. file downloads, possibly with music videos being an interesting side-show riding on the coat-tails of the huge success of DVD-video. Come on: vinyl, cassette, SACD and DVD-A together constitute 0.7% of the market, less than $100 million ...

Sales for 2004 (in millions)
CD: .................................... 11,461.4
Music video (mostly DVD): ..... 607.2
vinyl: ......................................... 39.0
cassette: .................................... 23.6
SACD + DVD-A: ..................... 23.0

Five-year trend (compared to 1999)
CD: ...................................... -12.1%
Music video (mostly DVD): .. +61.2%
vinyl: ..................................... -34.7%
cassette: ................................ -97.9%
SACD + DVD-A: .................. N/A


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