It's official: digital music sales on the iTunes Store decreased sharply this year, Apple has now officially admitted in an annual filing with the U.S. Securities and Exchange Commission covering its just-ended fiscal 2014 year.
Although sales of apps and In-App Purchases generated more revenue year-over-year, going from $9.3 billion in net sales during 2013 to a total of $10.2 billion during fiscal 2014, this was “partially offset by a decline in sales of digital music”.
Apple's SEC filing serves as a confirmation of last week's report by The Wall Street Journal which claimed that sales of digital music on iTunes had decrease between thirteen and fourteen percent since the beginning of 2014.