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.



Fresh-Faced Recruit
Joined: May 2001
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.