Apple has Sold Over 5 Billion Songs on iTunes

http://biz.yahoo.com/ap/080619/apple_itunes.html?.v=1

Apple says iTunes has sold more than 5 billion songs


CUPERTINO, Calif. (AP) -- Apple Inc. said Thursday people have bought more than 5 billion songs from its iTunes online music store.
In addition, Apple said, iTunes customers are now renting or buying more than 50,000 movies daily.

Apple said that based on data from market researcher NPD Group the iTunes store is the largest music retailer in the U.S. based on the amount of music sold during January and February 2008.

More than 8 million songs are available on iTunes, as well as more than 20,000 TV episodes and more than 2,000 movies.

well done iTunes!

50,000 movies a day. It seems like a big number but if you calculate the revenue and how many people it has to get distributed to, its not all that much. But when you consider that its 50,000 straight out of the door (and beating any other competitor in this regard); there is huge growth potential here.

So much for Zune.... :eek:

That is a crazy amount of songs. Does this count the free songs as well?

I have been renting films off there recently and it is quite a nice service, although we only get 48 hours to watch them again which is too short. I'd prefer it if we got to keep it for longer.

Suck it, Wal-Mart.:)

well done iTunes!

Agreed. I'm impressed that people are renting that many movies. I didn't think the market was that large for that and we're still only in the early stages of online movie distribution.

So if this is true, then why did Steve drop the AppleTV line of business from his WWDC keynote?!?

they've come a long way in the short five years since it started. job well done apple. itunes plus just sweetens the deal, now only if 'itunes plus' just became 'itunes'

Those are some impressive numbers :D Good job Apple.

but how many of those 2,000 movies are available for :apple:TV rental? I'm disappointed three-fourths of the time or more when i look for a movie there, and i'm not seeking obscure titles. I also looked at some tv show listings last night on my :apple:TV and most were available only as full-season purchases. Five billion songs notwithstanding, there's a long way to go with the videos.