It's Official: Apple Now #1 Music Retailer

It was really just a matter to time before Apple could claim the top spot as world's largest music retailer.  They were the first to make paid digital downloads work and much if not all of that is directly correlated to the success of the Ipod.

Last month the company passed Best Buy as the #2 retailer and yesterday in an internal memo, Apple declared victory with a 19% share of the market (WalMart is 2nd with 15%, Best Buy 3rd 13%). 

As evidence of an obviously changed landscape in the music world, research firm NPD Group says that 38% of teens didn't buy a single CD in 2006 and that jumped to nearly 50% last year.