Apple (AAPL - Cramer's Take - Stockpickr) has passed another milestone in its continued dominance of the digital music world, a plank from which it hopes to reach buyers of its Mac computers and iPhone handsets.
On Tuesday, the company announced it has sold over 3 billion songs from its iTunes online music store. Apple's a la carte model has proven to be the most popular with consumers who generally prefer to pay for songs individually, rather than paying subscription fees to services such as Napster (NAPS - Cramer's Take - Stockpickr) and Rhapsody.
Shares of Apple lost 4.6% to $136.85 midday.
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