iTunes is Too Awesome, Wal-Mart (WMT) Succumbs to Pressure (AAPL)
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Join SI Premium – FREE
Another one bites the dust.
According to reports Wednesday, Apple (Nasdaq: AAPL) has now beaten Wal-Mart (NYSE: WMT) in the digital music arena. Though Wal-Mart has had it's mp3.walmart.com store up for some eight years, the company announced it will close down on August 28th. Wal-Mart notes in a letter to distribution and licensing partners that "All content in the Store will be disabled and no longer available for download from the store."
Though Wal-Mart offered music for 88 cents per MP3, Apple's iTunes proved superior, with it's iPod and iPhone integration and better user interface.
Wal-Mart will reportedly keep supporting older, copy-protected songs.
According to reports Wednesday, Apple (Nasdaq: AAPL) has now beaten Wal-Mart (NYSE: WMT) in the digital music arena. Though Wal-Mart has had it's mp3.walmart.com store up for some eight years, the company announced it will close down on August 28th. Wal-Mart notes in a letter to distribution and licensing partners that "All content in the Store will be disabled and no longer available for download from the store."
Though Wal-Mart offered music for 88 cents per MP3, Apple's iTunes proved superior, with it's iPod and iPhone integration and better user interface.
Wal-Mart will reportedly keep supporting older, copy-protected songs.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- McCormick board member to resign after CFO appointment at Best Buy
- IP Strategy Holdings receives Nasdaq noncompliance notice over late 10-Q
- Flowers Foods (FLO) files mixed shelf
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
