'Twas slow for Apple (NASDAQ: AAPL) news last week; while there were several work days, I suspect the vast majority was still in holiday mode for the last few days of 2014 and the first couple of the new year. There were still several items of note though.
Apple's acquisition of Beats was further justified when Nielsen SoundScan released its year end statistics last week. The numbers showed a big trend toward streaming audio and a drop off in music purchases. According to the data, there were 164 billion streams in 2014, compared to 106 billion in 2013, a 54% increase. Album sales dropped 9%, to 117.6 million, while song sales dropped 12%, to 1.26 billion.