According to the market-research firm the NPD Group, iTunes is now the second-largest music retailer in the world, after Wal-Mart.
iTunes, of course, sells only digital downloads, and Wal-Mart sells CDs, and that's the crux of the story: CD sales are plummeting while digital downloads are skyrocketing, so it's likely that soon, iTunes will be in the top spot.
NPD says that a million people "dropped out of the CD buyer market in 2007," a "flight led by younger consumers." Almost half of American teens did not buy a single CD in 2007, compared to 36 percent in 2006.
Last year, iTunes moved ahead of Amazon to become the third-place retailer; now it moves up on Best Buy, which lands at No. 3.
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