iTunes becomes largest music retailer in America


iTunes becomes largest music retailer in America
An independent study has claimed that Apple's iTunes has overtaken Wal-Mart as the largest music retailer in the US.

Market research firm NPD said that iTunes surpassed Wal-Mart during January and February of this year, if 12 downloads are considered the same as a buying one album.

Apple, which makes iPod media players, Macintosh computers and the iPhone said in a statement that iTunes now had 50 million customers who had bought more than four billion songs since the service became available five years ago.

Eddy Cue, iTunes vice president, said: "We are thrilled, and would like to thank all of our customers for helping us reach this incredible milestone.

"We launched iTunes less than five years ago, and it has now become the number one music retailer in the world."

Rolling Stone magazine claimed the new figures showed the big transformation in the music business since the development of downloading music.

A major new rival to iTunes however was unveiled on Thursday, the same day as Apple announced it had become the number one music supplier in the US.

New Corp's MySpace social networking website announced that it has formed an online music venture with three major record labels – Universal, Sony BMG and Warner.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure