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Wednesday, April 9, 2008
Five years after its launch, Apple Computer's iTunes downloadable music service in February passed Wal-Mart to become the No. 1 music seller in the United States, according to figures released April 3 by NPD Group, a market research firm.
The firm said more than 4 billion songs had been downloaded from the iTunes store since its launch in 2003 and that as of February, the iTunes store accounts for 70% of all digital music sales. NPD said according to those figures, Apple's iTunes store passes U.S. electronics retailer Best Buy for the No. 2 U.S. music retailer in 2007.
According to an April 2nd report in Ars Technica, an internal memo at Apple showed the company passed Wal-Mart as the top U.S. music seller Wal-Mart at the beginning of the year. Their projections showed that as of January 2008, Apple's iTunes held 19 percent of the U.S. music market with Wal-Mart at 15 percent, followed by Best Buy at 13 percent. Rounding out the top five were Amazon.com and Target at 6 percent each.
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Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
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Note that some listed sources or external links may no longer be available online due to age.
