iTunes Store and the decline of the CD (2003 onward)
Apple opened the iTunes Store in 2003, selling songs as downloads. Physical CD sales, which peaked near $13 billion in the United States in 2000, fell sharply as downloads and later streaming took over.
Record stores closed and labels reorganized around digital sales.
Owning a music file, then a stream, replaced owning a disc, shifting control to platform owners.
It shows how fast a dominant physical format can fade once digital passes a tipping point, and how ownership weakens when a store controls access.
