Andre Yoskowitz
22 Jun 2007 15:33
According to data from a new NPD Group report, Apple's iTunes has surpassed Amazon and Target to become the third largest music retailer for music sales over the first quarter of this year. Wal-Mart finished in first with 15.8 percent of the overall market while Best Buy was second with 13.8 percent. Apple grew to 9.8 percent while Amazon and Target had 6.7 and 6.6 percent respectively.
NPD says they counted every 12 tracks purchased online as the equivalent of one physical CD album. The report does not however, include mobile music sales.
Russ Crupnick, NPD's vice president also noted that CD sales were once again down, while digital music sales continued to climb. "Digital continues to grow at a fairly strong clip," Crupnick said. "Obviously, physical sales have been soft this year."
Surely, Apple has a lot to do with that fact.
Source:
BetaNews