iTunes Store hits $5B

Total, worldwide music sales at the iTunes Store have crested the five billion songs mark, Apple has announced. The store was first launched in April of 2003, and currently hosts over eight million tracks from major and independent labels; it is also hosted in close to two dozen countries, ranging from Canada and the United States to Japan and Australia. Apple additionally claims that it is selling or renting 50,000 movies per day, drawn from a library of more than 2,000 titles. Only 350 of these are in HD resolutions.