Business
Vinyl vs. CDs: Like a phoenix from the ashes, vinyl is now winning

Vinyl vs. CDs: Like a phoenix from the ashes, vinyl is now winning

Everything old is new again

It's 2021 and vinyls are outselling CDs.

In the first half of this year more than 17 million vinyl records were sold in the US — nearly double the number for the first six months of 2020. If you didn't know anything about the formats, you'd be forgiven for thinking vinyl records were a new innovative way to listen to music.

But making vinyls remains a long and difficult process, often relying on technology or machines that were pumping out records in the 70s and 80s. Indeed, The New York Times reports this week that production logjams are now common for artists, as vinyl makers rely on decades-old pressing machines.

Put simply, supply can't keep up with demand.

Even Adele, who has a new album coming out, had to set her release date six months in advance, to make sure vinyls would be ready in time.

Nostalgia is big business, but it's not just older listeners who are into vinyls. Popular Gen Z artists like Olivia Rodrigo and Billie Eilish have made vinyls, each respectively selling tens of thousands to their (mostly) younger fanbase.

Will CDs ever become romanticized in the same way vinyl has? What about cassettes?

P.S. Check out our chart of the entire US music industry by format.

More Business

See all Business
business

Used car prices dip in April but remain at 2023 levels as gas prices surge

Used car prices ticked down in April, the first drop in 2026, according to fresh data from Cox Automotive.

Cox’s Manheim Used Vehicle Value Index, which tracks wholesale prices, dipped 1.6% in April from March, but remains around highs not seen since 2023 as shoppers react to surging gas prices.

“Affordability remains front and center, and that’s driving some increased demand for older vehicles... as well as changing the calculus for consumers shopping for EVs,” said Cox’s chief economist, Jeremy Robb.

As reported in March, used car retailers including CarMax have told Sherwood News that gas prices are driving more shoppers to look toward EVs. Cox’s EV index is up 7.2% from April 2025, compared to a 1.1% hike for its non-EV index.

business

Xbox CEO overhauls leadership team with Microsoft AI execs amid sales declines

Microsoft is continuing to shake up Xbox, with gaming chief Asha Sharma (who took over the division suddenly in February) announcing an executive overhaul.

According to an internal memo seen by CNBC, Sharma is bringing four leaders from her former CoreAI group into the Xbox fold, as they have “consumer and technical expertise [Xbox does] not yet have.”

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.