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iTunes hits 25 million downloads

16 December 2003 4:11 by Jari Ketola | 3 comments

Apple's immensely popular online music store iTunes has sold 25 million songs since its launch in April, Apple announced today,

According to sources, the 25 millionth song sold was Let It Snow! Let It Snow! Let It Snow! by Frank Sinatra.

"With over 25 million songs purchased and downloaded to date, the iTunes Music Store is hands-down the most successful online music store," said Apple CEO Steve Jobs. "Music fans are buying and downloading almost 1.5 million songs per week from the iTunes Music Store, which is a rate of 75 million songs per year."

Apple has also sold more than $1 million worth of $20 and $200 gift certificates, which have been quite popular in the holiday season. The profit margins are extremely slim, but iTunes' popularity is also fueling the sales of iPod -- Apple's portable digital music player.

Apple currently holds a 70 per cent share of the music download market.

Source:
News.com

Permalink to this article

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Yahoo to enter into online music business? (4 February 2004)

HP and Apple in suprise deal over iPod and iTunes (11 January 2004)

Real launches RealPlayer 10 with AAC support and music store (7 January 2004)

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Discuss this article!
strcruzer (Junior Member) 16 December 2003 11:37
DO you think the RIAA will accept this? An online music success? Humph...seems like dejavue (Napster, Kazaa, etc...). My question to them is....what took you idiots so long to realize this would make money? I still say they need to reduce the per track cost to around .25 per song and it will sell even more. BUT I STILL SAY BOYCOTT RIAA MEMBERS AND THEIR WARES UNTILL THEY GET THE MESSAGE TO STOP RIPPING OFF AND SUEING THE CONSUMER. Starcruiser Intel 440BX MB, Dual Intel 1.2Ghz P3's, 2GB RAM TDK 440N, 390GB ATI AIW 8500DV Win2k Srvr [ + quote]
Angsty (Newbie) 16 December 2003 13:26
If only the rest of the world had the opportunity to purchase music from iTunes Music store :-( Ironic that the hold up seems to be the record companies not being able to satisfy their GREED! Ang [ + quote]
Angsty (Newbie) 16 December 2003 13:26
If only the rest of the world had the opportunity to purchase music from iTunes Music store :-( Ironic that the hold up seems to be the record companies not being able to satisfy their GREED! Ang [ + quote]