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High Tech News

ITunes No. 3 Music Retailer in U.S.

Sunday, June 24, 2007 2:47:40 PM
By ALEX VEIGA

LOS ANGELES (AP) - Apple Inc.'s iTunes online store was the third-largest overall music retailer in the United States, leapfrogging ahead of Amazon.com and Target Corp. in units sold, a market research firm said Friday.

ITunes had a 9.8 percent market share in the first quarter, ranking behind Wal-Mart Stores Inc.'s 15.8 percent and Best Buy Co.'s 13.8 percent, according to The NPD Group. Online retailer Amazon.com's share was 6.7 percent, slightly ahead of Target's 6.6 percent, NPD said.

The firm counted every 12 tracks purchased online as equivalent to an album in compact disc format, said Russ Crupnick, NPD's vice president.


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