Apple: 50M Songs Sold Online

Apple Computer logo, against backdrop of musical notes, for story about music download service
AP / CBS
Apple Computer Inc. said Monday it has sold more than 50 million songs through its online iTunes Music Store.

Apple's latest tally falls short of its one-year anniversary target of 100 million songs by April 28, but company officials said they weren't discouraged.

"Setting that goal was a way to put the stake in the ground and say that we were going to be the leader," said Rob Schoeben, Apple's vice president of applications marketing.

A dozen other online music services have since followed Apple's 99-cents-per-download debut with similar a la carte song services.

Apple maintains a clear lead over its closest rival, Napster, which announced its 5 million-song milestone in February. Another competitor, Musicmatch, has not disclosed its song sales but analysts estimate it follows closely behind Napster.