Vinyl reigns when it comes to physical media. | Image: RIAA
People bought 43 million vinyl records last year, according to the Recording Industry Association of America (RIAA). That’s 6 million more than the number of CDs sold in 2023, marking the second time since 1987 that’s happened and reflecting the steady 17-year-running growth of vinyl sales.
Vinyl, which tends to be pricier than the newer format, also far outstripped CDs in actual money made, raking in $1.4 billion compared to $537 million from CDs. The RIAA’s report shows that CD revenue was up, too, but in terms of physical products sold, people actually bought about 700,000 fewer CDs in 2023 than the year before. (If you’re curious, nearly half a million cassettes sold last year, too, according to Billboard.)
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