Money | Apple Apple Pips Wal-Mart to Become No. 1 Music Store iTunes rise to the top a major milestone for the Internet By Rob Quinn Posted Apr 4, 2008 12:38 PM CDT Copied A man listens to Apple iTunes from his Apple iPod in downtown San Francisco, Thursday, April 3, 2008. (AP Photo/Paul Sakuma) Apple has become America's No. 1 music retailer, the Los Angeles Times reports. The company said yesterday that its iTunes store had overtaken Wal-Mart for the first time. Analysts say its ascent to the top spot after just 5 years is a major milestone for the industry and the Internet. It's the first time a seller of downloads has beaten the big CD retailers; CDs discs still outsell downloads, but maybe not for long, as a wave of digital change sweeps the music industry. "I think it's a sign of things to come, if you believe in evolution," said the boss of CBS Interactive. Read These Next SCOTUS sounds skeptical about law banning gay conversion therapy. Felix Baumgartner's death attributed to his own error. Robin Williams' daughter: AI clips of him are 'disturbing' Trump, Johnson aren't happy with pick for Super Bowl headliner. Report an error