Apple’s stronghold on the music industry is greater than once thought. After knocking Walmart off the top of the ladder back in 2008, iTunes now sells more music than both Walmart and Best Buy put together these days.
https://gizmodo.com/apple-confirms-1-music-retailer-status-with-four-billi-375816
In fact, iTunes’ share of music sales has increased from 21.4 per cent in 2008, to 26.7 per cent last year—making them the top retailer for music in the US, according to Billboard.
While digital sales of music soared from 2008’s 42.5 per cent market share to 50.7 per cent, CD and other physical formats saw a drop from 57.5 to 49.3 per cent. It’s none to surprising to anyone who reads Gizmodo, but it’s nice to see cold hard figures backing up what we already knew. [Billboard via AppleInsider]
