updated 04:30 pm EDT, Thu April 3, 2008
iTunes tops music retail
Earlier reports of the iTunes Store's success are true; Apple has officially said that NPD discovered the media store's dominance over industry giant Wal-Mart during a study. The report states that Apple's 50 million customers have moved over four billion songs from the world's largest music catalogue of over 6 million songs. The study accounts for individual tracks under the assumption that a typical CD contains 12 music tracks, and based over sales in January and February.
"We launched iTunes less than five years ago, and it has now become the number one music retailer in the world," said Eddy Cue, Apple's vice president of iTunes. "We are thrilled, and would like to thank all of our customers for helping us reach this incredible milestone."