iTunes Is #2 Music Retailer

iTunes recently overtook BestBuy to be the nation's #2 retailer of music.  If the sales trends continue, it's only a matter of time until Walmart is toppled.

“The latest sales figures, which holds every 12 songs downloaded as the equivalent of an entire CD, is not just a win for Apple, but also proves that the entire paid digital music download industry is rapidly growing. According to NPD, legal digital downloads "sharply" increased in 2007. Interestingly, there was also a 10 percent decline in overall music spending -- most likely because online digital music retailers give consumers the ability to purchase single songs in place of entire albums.”

We can't help but wonder if major retailers are planning to counter iTunes in some way, or if digital delivery simply is the future.