Apple tops Wal Mart in music download sales
Posted on Apr 12, 2008 under News | No Comment
- The growing digital tide continues to effect retail music sales .
- This is the first instance of an electronic venue surpassing a retail venue for any kind of media delivery.
Believe it or not . Apple Inc has surpassed Wal Mart to become the United States No 1 music store . This is a first time that a seller of digital downloads has ever beaten the big CD retailers .
Wow !!! Apple sold more albums in January and February than any other US retailer. This show how the music industry is shifting to the digital market. However , the US consumers still buy more CDs than digital download but the difference is narrowing.
Only 5 years after launching its iTunes digital store, Apple has dominated the fast-growing download market so completely that it jumped ahead of individual CD sellers such as Wal Mart and Target.
The digital trend is sweeping across the media. Bookstores are shutting down , unable to compete with online sales and huge retail chains. Newspapers are laying off thousands of employees as advertisers and readers move to the web.Television networks are making more of their shows available on the web to reach people at their computers .
Apple launched iTunes store in 2003 , creating an online business model for a music industry that was struggling with plummentingCD sales and online piracy.
In addition to selling albums, iTunes offered hundreds of thousands of individual songs for 99 cents . That was ideal for customers wanting to buy hot singles or old favourites without buying the whole album.
