iTunes song download rate holds steady after holidays

Updated

Piper Jaffray analyst Gene Munster says Apple’s announcement today that it has sold more than 300 million tracks from the iTunes Music Store means that the daily average of downloads has held steady following a holiday uptick. In a research note to clients, Munster said the average per day since January is approximately 1.35 million downloads, in-line with the 1.43 million average after the holidays. “We had been anticipating a more significant drop off in iTunes sales from the levels seen in the weeks following the holidays,” he said, noting that iTunes sales have exceeded his estimate for the March quarter.

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LC Angell

LC Angell was a senior editor at iLounge. Angell is known for her work on various aspects of the Apple ecosystem, including iPhone, iPad, and iPod. In his role at iLounge, Angell was responsible for a wide range of editorial content, including reviews, buyer's guides, news, and features.