iTunes sells 5 billionth song

June 19, 2008 4:19:43 PM PDT
Apple's iTunes music store has reached another milestone. The online music store has now sold more than five billion songs.

Apple is now the largest music retailer in the U.S. after surpassing Wal-Mart earlier this year.

The company also says more than 50,000 movies are being rented or purchased on iTunes each day.