Google bucks downturn in slow quarter

On a trailing twelve months basis, Strategy Analytics' DMI grew 5.8 per cent in Q2 2008 to reach 153, equal to a 53 per cent increase from the index base year, as of December 31, 2006. Three companies managed to beat the quarterly index growth: Warner Music Group's Digital Business, up 8.5 per cent, Google, up 8.3 per cent and Apple iTunes, up 7.3 per cent.

“The global digital media economy continues to expand quickly with an annual growth rate of 31 per cent,” said Martin Olausson, Director of Digital Media Research at Strategy Analytics, “but we are now seeing a considerable slowdown in quarter-on-quarter growth across the board.”

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