Apple confirmed today that iTunes is the top music retailer in the U.S. The rank is based on a study by NPD Group. iTunes has a 19% share of the total music market.
Keep in mind, this is not only for online music sales, but includes sales from brick and mortar stores as well. All the more amazing, it took Apple only 5 years to achieve this level!
In reaching the top spot, Apple overtook Wal-Mart. Wal-Mart is in second place, followed by Best Buy and Amazon.com.
Not too surprising, and it of course it does explain why so many brick and mortar music stores have disappeared from the landscape. It only seemed like yesterday that we were flipping through CDs at Tower Records………….