iTunes hits the 50 million song mark

Apple on Monday announced that its iTunes Music Store has seen more than 50 million songs purchased and downloaded since its launch last year. That figure doesn’t include songs redeemed through Pepsi’s iTunes promotion. Apple has made other deals in the past few months with Target, Hewlett-Packard and AOL to push the service cross-platform. Analysts are optimistic on Apple’s success in the music business, but warn that Sony’s entrance in the market could be Apple’s biggest competition yet. Read the full story…