Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Amazon.com Outpaces Apple, Ties With Wal-Mart in Music Sales

Amazon.com Outpaces Apple
Amazon.com grew at a faster pace than leader Apple Inc. in song downloads in the U.S. last quarter. Source: Amazon.com via Bloomberg

May 26 (Bloomberg) -- Amazon.com Inc., the world’s largest online retailer, grew at a faster pace than leader Apple Inc. in song downloads in the U.S. last quarter and tied Wal-Mart Stores Inc. for second place in overall music sales.

During the period, Amazon.com had 12 percent of the market for digital songs and physical CDs, the same as Wal-Mart, according to NPD Group Inc., a research firm in Port Washington, New York. In downloaded music, Amazon.com added 4 percentage points of share, compared with 1 percent for Apple, NPD said.

Wal-Mart and Amazon.com are vying to close a gap with Apple, which according to NPD has 28 of the retail music market. Apple’s iTunes and Amazon.com let consumers download individual songs, typically for about a dollar. Unlike Apple, Amazon.com also sells CDs.

“Amazon’s growth reflects a stronger position in both the CD and digital formats,” Russ Crupnick, an analyst for NPD, said in a statement. “This dual-pronged approach of selling both digital music and CDs helps attract the most valuable and committed music buyer who prefers access to both formats.”

Sales of digital tracks grew 5 percentage points, accounting for 40 percent of music sold in the quarter, NPD said.

To contact the reporter on this story: Joseph Galante in San Francisco at jgalante3@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.