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Apple: 150M songs sold via iTunes

16 October 2004 14:57 by Petteri "dRD" Pyyny | 1 comment

Apple celebrated yesterday when it announced that they have sold now more than 150 million songs via their iTunes Music Store. Despite some reports that overall traffic to online music stores has dropped, Apple's announcement means that its own sales have increased rather dramatically. Their current pace means that they're selling more 4 million songs a week, more than 200 million songs a year.

It took Apple 17 months to sell 150 million songs and now it seems that they're speeding ahead of their competition quite rapidly, specially when the all-important holiday season is approaching. Obviously iTunes also benefited from the fact that it is now available in three European countries as well as in the United States -- and Apple has vowed to launch its pan-European service within next few weeks that would bring in millions of potential new customers.

Even more crucial to the company is the success of its portable audio player, iPod, which is the only player that Apple's iTunes songs support. And Apple announced this week that it sold over 2 million iPods during its past financial quarter (three month period). iPods are the money-making machine for Apple, while iTunes doesn't really generate any profits whatsoever to the company, but instead help it maintain its iPod sales levels.

Source: VNUNet

Permalink to this article

iTunes has now sold 200m songs (16 December 2004)

iTunes customers can now use PayPal (12 December 2004)

Apple Vs. iTunes.co.uk (6 December 2004)

iTunes store to launch in Canada (26 November 2004)

Digital music sales are far off CD sales (26 November 2004)

MSN Music launched in eight European countries (4 November 2004)

Apple Introduces iPod Photo (26 October 2004)

iTunes launched in nine European countries (26 October 2004)

Napster launches prepaid cards in the UK (14 October 2004)

iTunes rules the legal online music, but sales are down (13 October 2004)

AT&T launches a mobile music store (5 October 2004)

Virgin Records entering music download market (26 September 2004)

Record labels taking massive chunk of music download revenues (23 September 2004)

iTunes hits 100 million downloads (13 July 2004)

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djscoop (AfterDawn Addict) 19 October 2004 12:29
Wow, 150 million. Big F-ing deal. That doesn't change the fact that MACs still suck, and the IPOD is terrible. It still amazes me how many idiots thinks apple is a good company [ + quote]