April 25, 2013
iTunes, the world’s largest music retailer, turns 10 this week, and Apple is celebrating by highlighting some milestones in the digital music market over the last decade. As of February, more than 25 billion songs had been purchased on iTunes, and 40 billion apps had been downloaded from the iTunes App Store.
On-the-go access to media is reshaping music, TV, movie and entertainment retail sales. The Recording Industry Association of America (RIAA) says nearly 1.4 billion digital music singles, and 117 million digital albums were downloaded in 2012.
Revenues from digital music files and royalties topped $4 billion in 2012. Overall, digital music revenue, including...