25 Million iTunes
The music industry’s traditional packaged-goods retail business may be continuing its long decline, but the sale of downloadable tunes is hot and getting hotter. On December 16, Apple Computer announced that it has sold more than 25 million songs through its iTunes Music Store since its inception four months ago. The Cupertino, CA-based technology pioneer is now selling about 222,000 individual songs per day, at 99 ¢ each, a volume more than three times the 70,000 per day the company was selling in September, when the iTunes service was available only to Apple users. In October, the service was expanded… Read more »