Saturday, April 5, 2008

Apple/ITunes #1 Retailer of music

Apple Inc announced on Thursday that its iTunes music store had surpassed Wal-Mart Stores Inc to become the largest U.S. music retailer. Its announcement was based on consumer data collected in January and February by market research firm NPD that counted 12 songs being equal to one CD.
In February NPD said Itunes had passed Best Buy and Target to get the #2 spot.
My Take:
Here is some great stats for you that really shows you how ITunes will just PULL away in the upcoming months/years from the competition.....
* 70% of Internet paid Downloaded music comes from ITunes. 50% of teenagers didn't purchase a CD last year, up from 33% the prior year. Folks, THEY AREN'T EVEN BUYING CDS! They are going PURELY digital in droves....
* Fifty percent of downloaders who are aware of more than one site for digital music consider iTunes the best digital music sales service, Ipsos found. That compares with 41% in 2006 and 33% in 2005. Napster is rated best by 10% of downloaders. That's the same as last year and still lower than Napster's high of 22% in 2005. - Information Week
Dan Ross

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