“If the current pace of downloads continues (about 100 songs per second), Apple’s iTunes Store will reach the 10 billion song mark sometime Wednesday — which is, coincidentally, Steve Jobs’ 55th birthday,” Philip Elmer-DeWitt reports for Fortune.
“Since it opened for business in April 2003… the store has become America’s No. 1 music vendor, generating revenues of $520 million in the last quarter alone, according to Piper Jaffray’s Gene Munster,” Elmer-DeWitt reports. “But Apple isn’t talking about that today. To celebrate what it is billing as “one huge milestone for music,” the company has promised to award whomever downloads the 10 billionth song a $10,000 iTunes gift card.”
Elmer-Dewitt reports, “I have trouble imaging how anyone would spend $10,000 at the iTunes Store.”
MacDailyNews Take: That card will work for everything in the iTunes Store, not just music. Apps for iPhone, iPod, and, soon, iPad. Audiobooks. TV Shows. Movies. We could spend it pretty easily.
Full article here.
MacDailyNews Note: The quickly moving countdown currently stands at 9,997,607,112 songs.
[Thanks to MacDailyNews Reader “iWill” for the heads up.]