AfterDawn: Tech news

iTunes hits 25 million downloads

Written by Jari Ketola @ 16 Dec 2003 4:11 User comments (3)

iTunes hits 25 million downloads 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

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3 user comments

116.12.2003 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.


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216.12.2003 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

316.12.2003 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

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