Apple sees growth in music downloads

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.