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 Her blood isn't compatible with anyone else's. Rubio says the fate of Iran's conversion facility is what matters. Iran's supreme leader makes first public comments since ceasefire. Some of the most explosive Diddy allegations are dropped. Report an error