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June 19th

Apple Sells 5 Billionth Song

posted in Apple (AAPL), iTunes |

iTunes has grown into one of the largest and most popular places to buy music anywhere. With a collection of over 8 million different songs, it’s a audiophile’s dream. Today, Apple released news that they had officially sold the 5 billionth song through iTunes!

Even more interesting is the figure released today about Apple renting and selling 50,000 movies every day. Therefore, the iTunes store is also the most popular online movie store too.

It would be an interesting figure to realize: 50,000 (rentals/purchases per day) x $3.99 (avg. new release rental) x 365 (days per year) = $72,817,500 million in movie related revenue — low estimate as it doesn’t figure movie purchases at around $10.

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This entry was posted on Thursday, June 19th, 2008 at 12:34 pm and is filed under Apple (AAPL), iTunes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There are currently 2 responses to “Apple Sells 5 Billionth Song”

  1. 1 On June 19th, 2008, The Wise Man said:

    When you typed “It would be an interesting figure to realize,” we’re you just hypothesizing, or do those numbers have concrete merit from Apple?

  2. 2 On June 19th, 2008, The Matador said:

    These numbers are simply based on the average price of $3.99 per rental… So there could be some variation in the numbers. For example, you can rent movies for 99 cents and buy movies for about $9.99 each. So we stuck with the $3.99 per rental price.

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