Friday, February 29, 2008

iTunes is #2 music retailer

iTunes is now outselling Target and Best Buy, moving into second place in the music retailing biz.

The survey, compiled by New York-based market researcher NPD Group, showed that Cupertino, Calif.-based Apple Inc.’s online iTunes music store edged to the number-two music retailer, ranking behind Bentonville, Ark.-based Wal-Mart Stores Inc.

According to NPD, legal downloading accounts for 10% of music sales in the US.

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