"PUTTING ITUNES INTO PERSPECTIVE"

A reality check for iTunes from Eric Garland via Business 2.0's Erick Schonfeld:

Number of songs sold on iTunes in the past three years: 850 million.

Number of songs traded on P2P file-sharing networks during the same time: 90 billion

850 million iTunes songs/ 42 million iPods = 20 songs/ iPod.

Over three years that comes to people spending an average of $7 a year on music at the iTunes store.