Apple's iTunes celebrates first anniversary

Thanks rumbleph1sh. In its first year, Apple Computer Inc.'s online music store has sold more than 70 million songs, short of its original 100-million-song target but more than anyone else, the company said Wednesday.

Apple, maker of the Macintosh computer and the wildly popular iPod digital music players, also upgraded its iTunes digital jukebox software with new features such as "iMix," which lets customers publish their playlists on the iTunes online music store, which other customers can then purchase.

"We're very, very excited about the results from the first year," Steve Jobs, Apple's co-founder, chairman and chief executive, said on a conference call with reporters, adding that the Cupertino, California-based company has sold more than 3 million iPods since it introduced them in October 2001.

"If there is a keystone here, it's iPod," said Phil Leigh, an analyst with market research firm Inside Digital Media. "As long as Jobs can maintain market share there, he has a good chance at remaining No. 1 in online music."

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News source: CNN

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