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 grew up thinking he would become a mathematician, accidentally started motorcycle racing, got a job writing road tests for a motorcycle magazine while at university, and became a writer. As a travelling photojournalist during his early career, his work was published in a dozen languages across 20+ countries. He went on to edit or manage over 50 print publications, with target audiences ranging from pensioners to plumbers, many different sports, many car and motorcycle magazines, with many more in the fields of communication - narrow subject magazines on topics such as advertising, marketing, visual communications, design, presentation and direct marketing. Then came the internet and Mike managed internet projects for Australia's largest multimedia company, Telstra.com.au (Australia's largest Telco), Seek.com.au (Australia's largest employment site), top100.com.au, hitwise.com, and a dozen other internet start-ups before founding Gizmag in 2002. Now he writes and thinks.
All articles by Mike Hanlon