Apple Sells Its One Hundred and Fifty Millionth Song
Apple Sells Its One Hundred and Fifty Millionth Song — Apple continued to remind everyone it’s the 400-pound gorilla of the online music industry by announcing it has now sold over 150 million songs on its iTunes Music Service. What’s more, just in time for the holiday shopping season, iTunes gift cards will now be available in Best Buy stores in addition to Target and Apple’s own retail stores. The announcement follows yesterday’s financial results where Apple noted it shipped more than 2 million iPods during its fourth fiscal quarter. Apple says it’s selling more than 4 million songs a week, which puts it at a pace to sell over 200 million songs per year.
This announcement’s timing on the heels of fourth quarter results permits me to note Apple’s "other music products" (anything but iPods) brought in $98 million last quarter, which is roughly a one-third increase over the same quarter a year ago. Combined with revenue from iPods, that means right now roughly one quarter of Apple’s revenue has to do with music, not computers. [GD]