As today's younger generation casts it aside as technology of the past,
the compact disc marked its 25th anniversary
this month after years of rollercoaster success. Since its introduction on August 17, 1982 by co-producers Philips and Sony, the CD quickly replaced its predecessor, the cassette tape, as the mainstay medium for the music business.
However, the CD began showing signs of age after the turn of the century and has been running out of steam ever since. CD sales peaked in 2001 with 712 million discs sold, according to Nielsen SoundScan figures. Last year's sales topped off at 553 million, a 22 percent drop from the CD's heyday. Several efforts have been made to prolong the CD's influence, including a DualDisc format and recent attempts to package bonus material with the discs.
But if the many iPod-toting kids of today are any indication, the CD will likely continue to lose its luster. MP3 players and digital downloads can "absolutely" replace the CD, admitted one of the disc's creators, Philips' former optical research head Peter Kramer. "You never know how long a standard will last," Kramer said. "But it was a solid, good standard and still is."--Kevin Manahan