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http://www.macnn.com/articles/08/06/19/itunes.store.hits.5b/

iTunes Store cracks five billion sales mark

updated 09:00 am EDT, Thu June 19, 2008

 

iTunes Store hits $5B


Total, worldwide music sales at the iTunes Store have crested the five billion songs mark, Apple has announced. The store was first launched in April of 2003, and currently hosts over eight million tracks from major and independent labels; it is also hosted in close to two dozen countries, ranging from Canada and the United States to Japan and Australia. Apple additionally claims that it is selling or renting 50,000 movies per day, drawn from a library of more than 2,000 titles. Only 350 of these are in HD resolutions.


by MacNN Staff

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 iTunes, music, Apple

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  1. Smurfman

    Fresh-Faced Recruit

    Joined: May 2001

    +2
    06/19, 10:16am | report spam | Reply |

    50,000 movies p/day??

    Wow! 50,000 movies per day!?!! That's roughly $7.5 million dollars per month, minimum (given avg cost per rented/bought movie is $5 - price leaning more to rents than buys).

    Maybe that's not a big deal to some, but it sure seems like a lot of $$ for a venue that really only started getting serious a few months back.


  1. elroth

    Fresh-Faced Recruit

    Joined: Jul 2006

    +2
    06/19, 11:18am | report spam | Reply |

    wow

    My thoughts exactly - it's hard to believe 50,000 movies per day (that's 18 million per year). I wonder how many are rentals as opposed to sales.

  1. freestate

    Fresh-Faced Recruit

    Joined: Jun 2008

    +2
    06/19, 11:22am | report spam | Reply |

    units

    just to clarify - Apple's website says that the five billion refers to tunes downloaded...

    This was unclear to me in reading the above as all it references is the "five billion mark".

  1. Feathers

    Grizzled Veteran

    Joined: Oct 1999

    0
    06/19, 12:14pm | report spam | Reply |

    actual figure?

    Now, is this the actual figure or the one Apple's PR department pulled out of it's a**. It's not the first time they've been prone to a bit of exaggeration. Didn't a figure of six million become ten million somethings a while back?

  1. brainiac_7

    Fresh-Faced Recruit

    Joined: Jun 2005

    +1
    06/19, 12:21pm | report spam | Reply |

    more iTunes Plus

    I still hit iTunes first, and I know Apple's bound by the record co.s, but if I can get 256 kbps @ Amazon, I do.

  1. pt123

    Fresh-Faced Recruit

    Joined: Sep 2007

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    06/19, 12:44pm | report spam | Reply |

    AppleTV

    So how many Appletv has Apple sold?

  1. testudo

    Forum Regular

    Joined: Aug 2001

    +2
    06/19, 01:17pm | report spam | Reply |

    Re: AppleTV

    Unless sales go through the roof, we probably will never know. Apple still just lumps their sales on their quarterly reports with 'ipod accessories', which isn't very promising, sales-wise.

  1. Smurfman

    Fresh-Faced Recruit

    Joined: May 2001

    +2
    06/19, 03:23pm | report spam | Reply |

    re: AppleTV

    I know I've started renting movies via AppleTV and haven't rented from Blockbuster for a while.

    Apple says their movie library is at the 2000 mark. After browsing through, it's a decent selection but nowhere near what should be there. Apple should probably have 10,000 out there now.

    Also, in AppleTV, they need to offer more older movies and provide an easy way to search these older films. Maybe break things down by "Recent Releases" (less than 1 year old), "This Decade", "Previous Decade", "Classic Archives".

  1. Roger@MacNN

    Fresh-Faced Recruit

    Joined: Jan 2008

    +5
    06/19, 04:39pm | report spam | Reply |

    AppleTV

    My gauge of success for a movie store - physical or digital - is whether it carries titles like Andrei Tarkovsky's Stalker or Ingmar Bergman's The Seventh Seal. Once those are available, I know I'll be able to find just about anything else I'd like.

  1. Guest

    Fresh-Faced Recruit

    Joined: Nov 1999

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    06/19, 05:04pm | report spam | Reply |

    Big difference

    Feathers-

    There is a big difference between fudging the number of songs available for download at the iTunes Store and reporting the number of units sold: Overstating the number of units sold could be seen as an attempt to manipulate the stock price which might catch the attention of the SEC. I rather doubt that Apple has any desire for ANY additional contact with the SEC other than what is required of any stock-issuing company.

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