March 11, 2008

Apple's iTunes Store Has Sold 4 Billion Tracks—But Is It Profitable?

The Cupertino, Calif.-based company announced it had sold its 2 billionth download Jan. 6, 2007; its 3 billionth July 31, 2007; and its 4th billion Feb. 27. As such, Billboard estimates that the store sold 1.7 billion downloads last year, and that of that amount, 940 million tracks were sold in the United States and 732 million were sold abroad, as the company operates stores in 21 other countries. (Billboard, MacDailyNews, Wired)