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"From a 2007 peak of $1.1 billion in global ringtone sales..."

$1.1bn was just US sales in 2007 -- see https://www.riaa.com/u-s-sales-database/

The global sales were estimated to have beeen up to $4bn as early as 2004 (although it depends what source you read).

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Yeah - and depends on what's included in it, eg. ringback sales.

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