Apple's fast climb to top music seller
Posted
Apr 03 2008, 03:32 PM
by
Kim Peterson
Apple has become the top music seller in the U.S. The company made the announcement today after Ars Technica leaked an internal e-mail with details. Just a couple of months ago, Apple passed Best Buy to become the #2 music retailer. Now, the company is topping the charts.
Apple had 19% of the market in January, and Wal-Mart was in second place with 15%, according to the leaked e-mail. It's worth noting an obvious difference between the two: Apple is an all-digital music seller, while most of Wal-Mart's sales are physical CDs. Best Buy, Amazon and Target rounded out the top five spots. Some tech blogs thought that January's numbers were skewed due to people redeeming iTunes gift cards recieved over the holidays. But it looks like Apple stayed on top in February as well.
Shares of the company rose nearly 3% today to close at $151.61. Here's what others had to say about the news:
Engadget: "Of course, there's a lot of 2008 left to go, so Wally might make a comeback -- it was the overall champ last year -- but Apple's achievement is still a major milestone for digitally distributed content, and we hope to see a lot more iTunes-like services on that list soon."
Silicon Alley Insider: "This is impressive, but also expected."
The Unofficial Apple Weblog: "It will now be interesting to see if Apple can hold on to the top spot in the long run. In any case, this is a watershed moment and brings the mainstream death of the CD that much closer into view."
