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.

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