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While the iTunes service saw healthy growth for much of the period, since January the monthly revenue has fallen by 65 per cent, with the average transaction size falling 17 per cent, the article adds. The previous spring's rebound wasn't repeated this year. And it isn't just Apple's problem; Nielsen Soundscan indicates three consecutive quarters of flat or declining revenues for the sector as a whole.
Speaking to The Register, Forrester analyst Josh Bernoff warned against extrapolating too much from the figures, as it may or may not reflect a seasonal bounce.