praveensg.com

Now this is huge. ITunes finally surpasses Walmart as the biggest music retailer in the United States. They have sold a whopping 4 billion songs since 2003. Though I am not a big fan of Apple’s business models where they very well could charge you even for calling out their name too loud and I have never owned an Apple product (ok, but for this one :D), I must say this is a major breakthrough for the company. All said and done, I must admit, they are a hip company with really hip products and a lot of people love them which is what matters to me. How you ask? Well look here. I have invested heavily in this money minting company. I’ve managed to develop some nerves of steel with the stock’s journey from 200 all the way down to 115 and back up to 150+ now. Just because I believe the iPhone is going to be the next iPod or even better. In fact, there have been a few signs in that directions lately (iPhones running out of stock!).

Coming back to Apple, due credit, I must say, should go to Steve Jobs for turning around an underdog into one of the coolest companies in American history. Some analysts predict that Apple might turn out to be the first trillion dollar company in the world. Now that might be a stretch and could take quite a while too, but I’d not be surprised if they come up with the next killer product that might change the fortunes of the company overnight. They might already have?

Here is the ITunes news link