iTunes Store Posts $3.34 Billion in 2008


More info on Apple’s good fortunes: Apple’s annual SEC 10K filing showed that music-related sales increased by US$844 million (or 34%) to $3.34 billion in fiscal 2008, up from US$2.5 billion in 2007, according to The Unofficial Apple Weblog.

While Apple blamed the good numbers on “heightened consumer interest in downloading third-party digital content,” it also noted that it saw a steady increase in each of its regional markets that was likely due to the increased amount of content available in the iTunes Store.

Back in April, Apple dethroned Wal-Mart as the number one music retailer in the U.S.—and that’s purely from music sales, not from iPods, iPhones, or any other hardware.