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Tuesday, February 26, 2008

When will iTunes replace WalMart as the #1 music retailer?

Apple's iTunes will likely surpass WalMart to become the largest U.S. music retailer sometime this year.

The NPD Group issued a report Tuesday that said Apple had outpaced Best Buy and Target to become the #2 U.S. music retailer. Digital music sales were up close to 50 percent and CD sales were down 20 percent last year.

As CD sales continue to slide, retailers like WalMart, Best Buy, and Target devote less and less floor space to discs which of course serves to erode sales even further.

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