Apple’s iTunes music store has overtaken Best Buy to become the number-two music retailer in the U.S. behind Wal-Mart, according to market researcher NPD Group.
Apple’s growth is likely to continue. Sales of CDs are plummeting while digital downloads grew about 50 percent last year, NPD said.
Most tellingly, nearly 50 percent of U.S. teens didn’t buy any CDs during the year, NPD says.
“Teens are continuing to check out on the CD,” NPD analyst Russ Crupnick told the Associated Press .
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