Error in documentation "QT Components Read Me" version 0.1.8 (your current download)

In the Xiph QuickTime Components ReadMe - Installation, there appears to be an error.

"Installation To install simply copy the "XiphQT" component bundle into the Library/Components folder in your home directory. To install the XiphQT component system-wide copy it into the Library/Components in your system's root folder."

There is no folder called "Components" on my Mac OS X 10.4.11 machine. I installed it in User>Library>Quicktime