During yesterdays’ Apple|U2 music event Apple’s CEO, Steve Jobs shared some “secretive” sales data reported from the iTunes Music Store. “I’ve read some articles that have said the online music industry is slowing down. We don’t know where that is coming from. We don’t normally share our data. We’re pretty secretive about it. But I want to share some data with you today so you can see what we see.” While showing the data, Jobs continued to say, “I don’t know what our competion are doing, but we’re seeing some serious growth here and we expect it to continue.” He noted that the iTunes Music Store has had 64 percent growth in the last five months. Jobs also mentioned that the iTunes Music Store has 70% of the marketshare and iTunes for Mac and Windows has been downloaded more than 85 million times.
Apple sees growth in music downloads
By Dennis Lloyd
I'm a passionate, long-time lover of Apple products, and was a civil draftsman and graphic designer before creating the iLounge web site. My prior projects include work for The Los Angeles Times' LATimes.com, and the company Creative Domain, where I developed websites for clients including Columbia Pictures, Disney, Fox Studios, Universal Pictures and Warner Brothers. As the Publisher of iLounge, I direct the site's community forums, photo galleries, iPod User Group, and general business affairs, which have grown under my watch to over sixteen million page views every month. I'm happily married with one daughter, one dog (Rocket the Wonderdog), one cat (Ferris), many iPods, iPhones, iPads, and two turntables.