There is only one logical integration of all these statistics with the recent Soundscan data: even though actual point-of-purchase sales are up by about 9% in the US – and the industry sold over 13,000,000 more units in 2004 (1st quarter) than in 2003 (1st quarter) – the Industry is still claiming a loss of 7% because RIAA members shipped 7% fewer records than in 2003.
Forget the confusing percentages, here’s an oversimplified example: I shipped 1000 units last year and sold 700 of them. This year I sold 770 units but shipped only 930 units. I shipped 10% less units this year. And this is what the RIAA wants the public to accept as “a loss.”