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The rise and rise of iTunes

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June 21, 2008

The rise and rise of iTunes

The rise and rise of iTunes

June 22, 2008 The remarkable success of Apple’s iTunes® Store (www.itunes.com) continues to grow. This week Apple announced that five billion songs have now been downloaded, which means that in less than a year it has sold two billion tracks. The remarkable growth means that in the last year, Apple has moved past Amazon, Target, BestBuy and Wal-Mart, to become the largest music retailer in the US. It is now also the world’s most popular online movie store - not bad for a business that opened its doors in April 2003.

iTunes Store Tops Over Five Billion Songs Sold Apple Renting & Selling Over 50,000 Movies Per Day

Its eight million song catalog is also the largest (up from 5 million last year) and it rents or sells over 50,000 movies every day, making it the world’s most popular online movie store, with a catalog of over 20,000 TV episodes and over 2,000 films (350 in HD). Less than 12 months ago, the catalog stood at just 550 television shows and 500 movies.

About the Author
Mike Hanlon After Editing or Managing over 50 print publications primarily in the role of a Magazine Doctor, Mike embraced the internet full-time in 1995 and became a "start-up all-rounder" – quite a few start-ups later, he founded Gizmag in 2002. Now he can write again.   All articles by Mike Hanlon
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