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AAPL Stock: 100.96 ( -0.83 )

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Apple confirms iTunes as top music retailer

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."




by MacNN Staff

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  1. danviento

    Joined: Dec 1969

    0

    Surprising!

    Apple actually announces sales numbers outside a keynote speech- now that's news.

  1. climacs

    Joined: Dec 1969

    0

    I'm so old

    I can remember buying LPs from Tower Records when they were HUGE.

    The Wherehouse is also all but dead, isn't it? More and more, music on physical media is something you buy only at big-box retail stores like BestBuy or Wal-Mart (big acts only) or indy record stores (only way of finding new acts or knowledgable music folks).

    Small acts are going to have to learn to market themselves online or hire boutiques to do certain functions like marketing and e-commerce, since you won't be able to buy them in big stores until they are big enough to merit shelf space.

  1. Rezzz

    Joined: Dec 1969

    0

    record company scumbags..

    Make DRM-free tracks available to iTunes NOW!!

    ...talk about anti-competitive...

  1. lamewing

    Joined: Dec 1969

    0

    Not ready yet

    I am not yet ready to buy via downloads as it seems rather silly to spend money on a song that is compressed versus a uncompressed song on a CD. If I buy from any download service and burn a CD, it simply won't sound as good as a purchased CD.

    If Apple would sell as Apple Lossless without DRM I would be the first one in line. Sorry Apple (and every other service)

  1. Theres_NO_MAC_anymore

    Joined: Dec 1969

    0

    Whos biggest?

    Only apple say they are biggest, no one else say that.

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