iTunes Soars Past 5 Billion Downloads

Apple today announced that is has sold more than five billion downloads on iTunes.  The online store remains the #1 music retailer in the US* and claims a catalog of over eight million songs. Customers are also renting and purchasing over 50,000 movies daily, making iTunes the world’s most popular online movie store according to Apple.

* Based on data from market research firm the NPD Group’s MusicWatch survey that captures consumer reported past week unit purchases and counts one CD representing 12 tracks, excluding wireless transactions. The iTunes Store became the largest music retailer in the US based on the amount of music sold during January and February 2008.