Apple's New Milestone: iTunes Sells Over 5 Billion Songs

Apple has announced this week that it has now sold 5 billion songs through its iTunes store, making it the No 1 music retailer in the U.S ahead of WalMart.

The iTunes store is also renting and selling videos in the order of fifty thousand movies a day, according to Apple which has declared itself the world's most popular online video store.

The iTunes music catalog in the US has stretched to more than 8 million songs, over 20,000 television episodes and more than 2,000 film.