iTunes Music Store Now #3 Music Retailer
June 22, 2007 at 12:59 PM (PT)
APPLE INC.'s iTUNES MUSIC STORE is now the third-largest retailer of music in the U.S., with nearly 10% market share in the first quarter, according to a survey by NPD GROUP.
iTUNES is third behind market leader WAL-MART STORES, with 15.8%, and BEST BUY, with 13.8%. (Online store BESTBUY.COM has a 1.1% market share.) AMAZON.COM dropped to fourth with a 6.7%.
NPD said iTUNES' digital music store had benefited from high iPOD sales during the holiday season. The vast majority of digital songs and albums bought on iTUNES will only play on iPODS and the ITUNES application.