Apple Now Makes More Money From Selling Music Than Warner Music Group

From a New York Times article:

"Apple sold $881 million worth of music and accessories in the last quarter. That figure rose 35 percent from a year ago. And the NPD Group now counts Apple as the largest seller of music in the country, ahead of Wal-Mart. Apple, in fact, is on track to have greater revenue from selling music (and accessories) this year than the entire revenue estimated for the Warner Music Group."

From the music industry's perspective, you can kind of understand why some are so bitter about Apple's success. While the music industry struggles financially, Apple is making record breaking revenues off hardware that plays their content. Personally, I have no sympathy for the record industry. They essentially shot themselves in the foot through their own greed (and continue to do so every time they sue a music fan for "stealing"). And also, all those years of ripping off artists and overcharging for media like CDs doesn't give them much of a leg to stand on.