Apple Pips Wal-Mart to Become No. 1 Music Store

iTunes rise to the top a major milestone for the Internet
By Rob Quinn,  Newser Staff
Posted Apr 4, 2008 12:38 PM CDT
A man listens to Apple iTunes from his Apple iPod in downtown San Francisco, Thursday, April 3, 2008.    (AP Photo/Paul Sakuma)
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(Newser) – Apple has become America's No. 1 music retailer, the Los Angeles Times reports. The company said yesterday that its iTunes store had overtaken Wal-Mart for the first time. Analysts say its ascent to the top spot after just 5 years is a major milestone for the industry and the Internet.

It's the first time a seller of downloads has beaten the big CD retailers; CDs discs still outsell downloads, but maybe not for long, as a wave of digital change sweeps the music industry. "I think it's a sign of things to come, if you believe in evolution," said the boss of CBS Interactive.