Downloads digital music from Apple grabs flourish as No. 2 Spot

Paying to download digital music grows rapidly in 2007.

ITunes’ phenomenal growth continues as latest industry research conducted by the NPD Group says officially now is the second largest retailer of music in the United States The report prepared by the research firm analyzed 2007 sales figures of music in the United States, including sales of CDs both physical and digital music. ITunes falls short in music sales only to Wal-Mart.

The latest sales figures, which held every 12 songs downloaded as the equivalent of an entire CD is not just a victory for Apple, but also demonstrates that the entire paid download digital music industry is growing rapidly. According to NPD, digital downloads legal “dramatically” increased in 2007. Interestingly, there was also a decrease of 10 percent of overall spending of music - most likely because retailers online digital music to give consumers the opportunity to buy songs in the only place in the entire album.

NPD came to believe that one million consumers away from buying music CDs in 2007. The company believes that consumers younger the way for the abandonment of the CD. It is estimated that 48% of adolescents in the United States Decided not to buy even a single CD in 2007, compared with 38% in 2006.

Among adolescents using P2P to share music, also grew last year, with the number of music files downloaded via P2P is rapidly increasing among teenagers.

Despite the increased activity P2P, which is estimated to be used in 19 10 2007 was downloaded via sites like iTunes or Amazon. The number of consumers who download music legally grew to 29 million consumers, while sales figures earlier put that number at 24 million. Sales growth can be attributed largely to consumers in the 36 to 50 year olds, who also went on to acquire a large number of digital music players in the same year.

Apple said today that there are currently more than 50 million customers of the iTunes store. Moreover, it is claimed that Apple iTunes sold more than four million songs, and 20 million songs have been sold at Christmas 2007.

The latest sales figures iTunes driven past Best Buy, which previously held second place in the rankings retailer. Apple also surpassed retailer Amazon.com for third place last June.