iTunes hits 250 million downloads

Apple Computer said Monday that it has sold more than 250 million songs through its iTunes Music Store as daily downloads reached an all-time high of 1.25 million songs. "When we launched the iTunes Music Store we were hoping to sell a million songs in the first six months--now we're selling over a million songs every day, and we've sold over a quarter billion songs in total," Apple CEO Steve Jobs said in a statement. The company said that its iTunes Music Store, now available in 15 countries, accounts for 70 percent of the global music market.

Though Apple took 11 months to sell the first 50 million songs, the downloads picked up subsequently, hitting the 200 million mark by last December.