MUMBAI: Apple Inc has announced that it has reached the historic landmark by selling more than five billion songs through its online music store iTunes.
The sales figures hint that the demand for digital music is growing remarkably. Data from retail research firm NPD Group suggests that Apple has replaced Wal-Mart stores as the biggest music retailer in the United States.
The Company’s music sales continue to bloom even as sales of Apple’s iPod music players appear to be reaching a stall. Sources reported that iPod sales had risen just one per cent from the previous year, claims an Wall Street Journal Marketwatch report.
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The company further stated that through iTunes it is now selling and renting more than 50,000 movies a day, the report adds.
