Apple becomes largest online music store in the world

Steve Jobs announced today that "In less than one week we've broken every record and become the largest online music company in the world."

With this announcement, Apple says that its revolutionary iTunes Music Store sold over one million songs during its first week. Over half of the songs were purchased as albums, dispelling concerns that selling music on a per-track basis will destroy album sales.

In addition, over half of the 200,000 songs offered on the iTunes Music Store were purchased at least once, demonstrating the breadth of musical tastes served by Apple's groundbreaking online store.

"Apple has created the first complete solution for the digital music age - ou can purchase your favorite music online at the iTunes Music Store, mix your favorite tracks into playlists with iTunes, and take your entire music collection with you everywhere with the super-slim new iPods", said Steve Jobs.

Other parties are equally pleased at the success of the new Apple iTtunes Music Store. "Hitting one million songs in less than a week was totally unexpected," said Roger Ames, Warner Music Group's chairman and CEO. "Apple has shown music fans, artists and the music industry as a whole that there really is a successful and easy way of legally distributing music over the Internet."

And Doug Morris, Universal Music Group's CEO comment regarding their new venture with Apple... "Our internal measure of success was having the iTunes Music Store sell one million songs in the first month. To do this in one week is an over-the-top success - Apple definitely got it right with the iTunes Music Store."

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