Apple celebrates fifth anniversary of iTunes Store

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iTunes store turns 5Today, Apple celebrates the fifth anniversary of its iTunes store with a look back at “all of the great music, video, and exclusives” that users discovered on iTunes, and highlighting the songs and shows that defined each year of the iTunes store’s life. Apple gives a brief history along with a collection of “best sellers” on its iTunes store today, and claims its music catalogue grew from over 200,000 songs and a handful of exclusive tracks to over 10 million songs, according to information available on the iTunes store.

Earlier this month, Apple announced that the iTunes Store surpassed Wal-Mart to become the number one music retailer in the United States, based on data from January and February of 2008. Apple also stated that it had served over 50 million customers and sold more than four billion songs.

iTunes makes up approximately 70 percent of digital music sold worldwide. It is estimated that in the next five years, Apple’s media service may account for a staggering 28 percent of all music sold worldwide.

Via [The iPod Observer]

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