Apple's iTunes grows to No. 2 U.S. music retailer

APPLE'S iTUNES GROWS TO NO. 2 US MUSIC RETAILER
[SOURCE: Reuters, AUTHOR: Michele Gershberg and Kenneth Li]
Apple Inc's iTunes digital media store edged out Best Buy Co and Target Corp to become the second-largest U.S. music retailer, behind Wal-Mart Stores, according to data released on Tuesday from tracking firm NPD Group. Based on 2007 sales, legal music downloads now account for 10 percent of music acquired in the United States, but the increase failed to offset a decline in physical CD sales, NPD said. The iTunes store now has more than 50 million customers and has sold more than 4 billion songs.
http://www.reuters.com/article/internetNews/idUSWNAS243320080226

* More teenagers ignoring CDs, report says
[SOURCE: Los Angeles Times, AUTHOR: Michelle Quinn and Andrea Chang]
48% of teenagers bought no CDs at all in 2007, up from 38% in 2006. Music downloads continue to grow, though, with iTunes leading the way.
http://www.latimes.com/business/printedition/la-fi-music27feb27,1,2758599.story
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