Apple Of The Music Industry's Twitchy Eye
You might have seen the news earlier this week that iTunes is now the second-largest music retailer in the U.S., behind the almighty Wal-Mart. The research firm NPD Group announced that Apple's digital music store has jumped ahead of Best Buy to take the No. 2 slot, just a few months after the singles-centric site blew past Amazon's album-oriented online store to move into third.
NPD Group says it's only a matter of time before iTunes becomes top dog - and that the time will probably come in 2008. (Kinda like 1984 all over again, no?)
Now, nobody in their right mind would bet against Steve Jobs. But if you're not in the right mind, the Antigua-based gambling site, Bodog, is offering a prop bet in which you can wager that Apple's total domination of the music space will not, in fact, take place before the clock strikes 2009. You can also wager on an iTunes win by year's end, but the betting line isn't great: -240 (meaning you have to bet $240 to win $100) compared to +165 (bet $100 to win $165) for no.
(Note: We At The Washington Post do not condone gambling, even if David has been known to lose a little music-based wager.)
Meanwhile, NPD Group also said that about 1 million people stopped buying CDs in 2007. Shocking, I know.
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