Shares of Apple Computer, Inc. hit $56.21, up $1.74 or 3.19% in early morning NASDAQ trading on volume of 7,928,252 shares following the announcement this morning that Apple’s iTunes Music Store had sold over one million videos at US$1.99 each in the first twenty days of offering such content online.
As more video-capable iPods hit the market, downloads of iTunes 6 with access to Apple’s iTunes Music Store’s video content increases, and Apple spreads video content for sale to iTunes Music Stores in markets outside the U.S., MacDailyNews expects video sales to ramp accordingly, especially as Apple moves to add additional content.
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Apple’s iTunes Music Store sells over one million videos in under 20 days – October 31, 2005