Vinyl record sales have been steadily growing for more than a decade, despite constant predictions of a fad. Now, a mid-year report from the RIAA suggests that CD sales are likely to shrink below vinyl sales in the coming quarters. Earlier this year in February, the RIAA confirmed that vinyl sales account for one-third of the revenue from physical sales.
The RIAA’s 2019 mid-year report was released on Thursday and it revealed that vinyl record sales were responsible for generating $224.1 million in sales on 8.6 million units. That’s compared to $247.9 million on 18.6 million CD sales.
Vinyl revenue grew by 12.8% in the second half of 2018 and 12.9% in the first half of 2019.
Meanwhile, revenues from CD sales have barely moved from their 2018 numbers. In total, CDs accounted for roughly 5% of U.S.-based totals, despite some signs of a flattening out. But the math looks pretty simple here. Pretty soon, vinyl record sales will surpass revenue from CDs.