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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Monday, June 25, 2007

Apple Now Third-Largest US Music Retailer

Reuters:

Apple Inc.'s digital music store iTunes is now the third-largest music retailer in the United States with 10 percent market share, overtaking Amazon.com in the first quarter, according to a survey released Friday.

The NPD Group report highlights the growing strength of digital music in the U.S. market as physical sales of compact discs continue to slide.

Apple's iTunes is third behind market leader Wal-Mart Stores Inc. with a 15.8 percent share, and Best Buy Co Inc. with a 13.8 percent share, according to the survey of 40,000 people aged 13 and older.

Both of those retailers mostly sell music in the CD format.

This one was only a matter of time, but I'm curious that the number one and two players in this market have such low market share. It's actually possible for Apple to one day be the dominant supplier of music overall, which is astonishing.

Labels: Apple, Digital media, iTunes

[ Posted at 9:19 AM | Permalink ]