iTunes is #2 Music Retailer, Could Become #1 This Year

The dominance that iTunes enjoys in the U.S. music retail space will only continue to grow, according to two new reports released this week. First, market-research firm NPD Group said this week that iTunes is now the second-largest music retailer in the country, trailing only Wal-Mart. A day later, NPD issued another report predicting that Apple would take the top spot sometime in 2008 due to a decline in CD sales and continued growth in downloads.