Apple Announces 25 Billion Songs Sold Through iTunes

Apple today announced that its iTunes music store has crossed the threshold of 25 billion songs sold. According to Apple, the purchaser was a user in Germany who bought Monkey Drums (Goksel Vancin Remix) by Chase Buch and the buyer will receive a 10,000-euro iTunes gift card.

The news comes as the iTunes Music store approaches its decade anniversary after being launched in April 2003, setting a new standard in digital distribution. Apple says the iTunes catalog has now grown to more than 26 million songs throughout 119 different countries. Apple software and services exec Eddy Cue noted in the company press release that the store now sells an average of more than 15,000 songs per minute.

During the last quarter's conference call, Apple said it reached a new record with iTunes revenue of $2.1 billion.

 

link

The article Apple Announces 25 Billion Songs Sold Through iTunes originally appeared on Fool.com.

Fool contributor Evan Niu, CFA owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum