iTunes now 3rd largest music retailer in US | iLounge News


iTunes now 3rd largest music retailer in US

According to a just-published NPD Group MusicWatch report for the first quarter of 2007, covering the sales of both physical and downloadable music, Apple’s iTunes has jumped in rank to become the third-largest retailer of music in the United States. iTunes now holds a 9.8% share of music purchases, ahead of fourth place at 6.7% and fifth place Target at 6.6%. Walmart remains the nation’s largest music retailer with a 15.8% share of the market, with Best Buy holding 13.8% for second place.

The MusicWatch findings are especially interesting in that 86.2% of the quarter’s music sales were in a physical (CD) format, versus a 13.8% share in downloadable format. Unlike Wal-Mart and Best Buy, iTunes gained share despite the fact that it only sells downloadable content. It leapfrogged CD-heavy competitor Amazon to gain fourth place in January.

Related Stories

Subscribe to iLounge Weekly

Sign up for the iLounge Weekly Newsletter

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2018 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy